Auckland's property market sees extreme price swings, with cheaper areas growing faster.

In 2024, Auckland's property market saw extreme price ranges, from a $50,000 apartment to a $20 million home. The second most expensive sale was John Key's former Parnell residence for $16.3 million. Fastest-moving markets were in cheaper areas like Wallacetown, Southland, with Murupara showing rapid growth. CoreLogic notes that cheaper markets favor buyers, while high-value markets like Auckland have fewer listings. Interest rates could fall further, impacting debt-to-income ratios.

4 months ago
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