South Auckland has become a hot spot for property sales, post Covid-19. Low interest rates and the cheap cost of borrowing has brought first home buyers into the market, helping to drive the house prices in South Auckland and encourage owners to sell up.
Buyers who are looking for a bargain would do well in the City Centre, Henderson and Remuera. With investors less keen on committing to property due to the lack of foreign students coming into New Zealand, the house prices in these suburbs had dropped by 7.5%.
More than 200 city centre properties have sold this year, meaning hidden gems are out there waiting for those who are willing to look.
According to an exclusive new house price index by analysts OneRoof and Valocity, Mt Wellington is currently the best performing suburb in Auckland for sellers with the cost of houses rising by 6.5% since lock-down in March 2020.
Takanini prices have risen by 5.7% and Papakura has risen by 3.8%.
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