‘Super eight’ Auckland suburb values up 17.9pc

‘Super eight’ Auckland suburb values up 17.9pc

Houses in eight Auckland suburbs south of the CBD topped national value rises, up a “whopping” 17.9 per cent annually, according to QV data just out.

Properties in Blockhouse Bay, One Tree Hill, Sandringham, Mt Albert, Mt Roskill, Otahuhu, Onehunga and Mt Wellington rose faster in value than elsewhere in New Zealand in the latest period.

James Wilson, QV homevalue Auckland valuer, released the data.

“Auckland city values were led by Auckland city-south which saw a whopping increase of 5.4 per cent over the past three months and 17.9 per cent year on year which is the highest year on year increase in Auckland between March 2014 and March 2015,” Wilson said.

Second-top performer were the properties in St Johns, Meadowbank, Glen Innes, Point England, Orakei, Kohimaramara, Mission Bay and Ellerslie which recorded an annual 15.4 per cent value rise.

“Auckland city-east values also accelerated 5.1 per cent since January and 15.4 per cent year on year,” Wilson said.

Areas closest to the CBD also rose fast. They are Point Chevalier, Grey Lynn, Epsom, Remuera, Parnell, Arch Hill, Ponsonby, Herne Bay, Newmarket, Mt Eden and Greenlane.

“Auckland city-central values were also up 4.7 per cent over the past three months and 11.3 per cent year on year,” Wilson said.

Properties out west saw huge value jumps, Wilson said.

“Waitakere city values also rose an exceptional 5.2 per cent over the past three months and values there were also up 14.1 per cent year on year and are now 47.7 per cent higher than during the peak of 2007.”

Properties at Bucklands Beach, Pakuranga, Highland Park, Botany Downs, Burswood, Whitford, Beachlands, Maraetai, Howick, Sommerville, Dannemora, Clevedon and Meadowlands saw the biggest rise in Manukau.

“Manukau-East values rose the most over the past three months, accelerating by 5.5 per cent and they increased 13.5 per cent year on year,” Wilson said.

North Shore coastal values rose 5.5 per cent in the last three months but 13.2 per cent annually.

 

Source: http://www.nzherald.co.nz/residential-property/news/article.cfm?c_id=76&objectid=11426439