House prices


PHOTO: REBECCA MOORE/STUFF Takapuna’s prices are still increasing, the Real Estate Institute says.

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.


Prices were down…

Mt Albert: 31.2 per cent

Royal Oak: 25.4 per cent

Long Bay: 24.8 per cent

Westmere: 22.5 per cent

Kohimarama: 21 per cent

Parnell: 20.8 per cent

Albany: 20.5 per cent

Mt Eden: 20.1 per cent

Herne Bay: 17.2 per cent

Freemans Bay: 17 per cent


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