house prices


PHOTO: Prices fell more than 25 per cent in Royal Oak.

Property prices in some parts of Auckland have fallen by more than a quarter, year-on-year.

New data from the Real Estate Institute shows sales activity around the city in the six months to the end of March, compared to the same time the year before.

Mt Albert had the biggest price fall, from a median $1.170 million last year to $805,250 this year – a drop of 31.2 per cent.

Royal Oak had the next biggest drop, from $1.160m in 2018 to $865,000 this year, or 25.4 per cent.