Resicom – Holiday Investment – 04-21 – LB

Auckland Property Investment Hotspots

Sunkist Bay Beachlands

Auckland in Australia has been one of the world’s property hotspots over the last few years, and the trend seems to be carrying on with double digit property value increases across the board.

Unlike previous booms the growth in the last two or three years had been spread right across Auckland. But which suburbs of Auckland have performed the best over the last year? Local real estate agency Barfoot & Thompson have compiled a top twenty list of the best performing suburbs of Auckland.

The list of top 20 suburbs is calculated using the greatest percentage of sales price growth, comparing median sale prices in each suburb during the same periods of 2017 and 2016.

Way out in front with an incredible increase of 64 per cent over the year is the sleepy seaside suburb of Beachlands.

New housing developments and a new shopping centre had brought increased population to Beachlands, but it is still very much a lifestyle spot.

Local resident Garry Larsen said of the area: ‘It has a special lifestyle because you have come through the rural area into Beachlands and when you’re there its completely different to town. You know you’re out of the hustle and bustle.’

During the January to June period 58 per cent of homes sold by Barfoot & Thompson had fetched over $1.2 million. The median sales price for the period was $1.34 million up from just $549,500 ten years ago in 2007.

Barfoot’s Thompson said: ‘Beachlands is an area of Auckland that many people appreciate for its beautiful beaches, almost rural feeling and tight knit community.
With the big development going on in Beachlands it was logical for it to be number one. Development in the area is attracting buyers and contributing to the sales price.’

Favona (near Mangere) had the second biggest rise, up 37 per cent on the same period last year. Whilst the upmarket area of Parnell followed close behind with a rise of 34 per cent over the last twelve months.

It was generally thought that the property boom in the Auckland area may have peaked, but it seems that prices continue to rise strongly across the board, and particularly if you pick the right area.

Overseas property investors considering Auckland should choose carefully.

Top 20 Auckland Suburbs        

Suburb               Increase from 2016

Beachlands                    64 per cent

Favona                            37 per cent

Parnell                            34 per cent

Kohimarama                  31 per cent

Northcote                      29 per cent

Takapuna                       27 per cent

Orewa                             26 per cent

Greenhithe                    25 per cent

Grey Lynn                      23 per cent

Milford                           22 per cent

Papakura                       19 per cent

Sunnynook                    18 per cent

Glen Innes                     18 per cent

Pakuranga                     18 per cent

Mount Wellington       16 per cent

Tuakau                           15 per cent

Blockhouse Bay            15 per cent

Red Beach                      13 per cent

Swanson                         13 per cent

Remuera                         12 per cent


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