PHOTO: AMY BAKER/STUFF – Albany Heights has suffered an oversupply of housing, one commentator says.
Suburbs where there has been an oversupply of houses or “emotional” buyers bidding up prices have suffered the most as Auckland’s property market cooled.
QV data this month showed nationwide house prices down 1.6 per cent over the past three months, with falls in Auckland, Queenstown, New Plymouth and Christchurch.
Now data from Homes.co.nz shows the areas where there has been the biggest value change since the city’s April 2017 price peak.
Albany Heights has seen median values drop 7.74 per cent. Lynfield is down 6.86 per cent, Pinehill 5.84 per cent, Waiatarua, 5.54 per cent and Golflands 5.53 per cent.
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