Auckland Central - Help Me Sell

including Newton and Grafton

Suburb Specialists

Price Watch

Auckland Central values increased by 5% over the last year to $514,600, Grafton values increased 44% to $557,000.

VALUE GROWTH BY NEIGHBOURHOOD

To see how much values and rental prices have grown over the last five years click on the neighbourhoods below:

Auckland Central

Grafton

The average time it takes to sell a property in the general Auckland Central area is currently 29 days.

Number of Homes         17,641 Average CV               $260,000
Sales in last 12 months 1,058
Average Price           $395,000 Highest Price          $2,300,000
Sales over $250k               929 Sales over $500k              327
Sales over $750k               104 Sales over $1m                  50

Source: QV.co.nz 

Most expensive sale: $3.9m in February 2012, The Stamford Residences, Albert St. To find out who sold it and the best agents to sell your home, go to our Agent Selector Service.

Click here to find your CV

In a Nutshell

The central city is finally starting to live up to its promise from a real estate point of view. As affordable homes in the suburbs have all but evaporated, first-time buyers (and investors) are now casting a favourable eye on downtown apartments and that's likely to be reflected in buyer demand and capital growth.

That doesn't mean to say it's going to be a piece of cake to sell your place in the city. Many apartments are simply "me too" commodities with no special features. Others have awkward legal titles, eg, terminating leases in the Viaduct, with unpredictable and expensive outgoings. These may take months to attract the right buyers and are probably unsuited to private sales.

Key Numbers

Median Value
$514,600

Annual Gain
5%

Premium To CV
58%

Number of Days to Sell:
29