PHOTO: REINZ

After making its entrance into the Top 10 list of highest sale volume suburbs in 2017, trendy inner-city suburb Grey Lynn has again fallen out of the Top 10 list, according to the latest data from the Real Estate Institute of New Zealand (REINZ), source of the most complete and accurate real estate data in New Zealand.

Additionally, Henderson jumped two places to take out sixth place and Manurewa has made it back into the Top 10 list after an absence in 2017.

Bindi Norwell, Chief Executive at REINZ says: “With 209 sales throughout the 2018 year and a median price that fell 7.7% from $1.3 million to $1.2 million, Grey Lynn fell out of the Top 10 highest sale volume suburbs in Auckland leaving space for Henderson to make its way further up the rankings and Manurewa to return to the Top 10 list.

“There were 32 more sales in Henderson in 2018 than in 2017 and a $15,000 increase in median price to $745,000, but with plenty of parks, great views of the Waitakere Ranges, access to some of the amazing west coast beaches and an off-peak drive of 21 minutes into the city, it’s easy to see why Henderson has made its way up the list,” says Norwell.

“Manurewa had 20 more sales in 2018 when compared to 2017 and a 1.6% increase in median price (from $620,000 to $630,000), but it was enough to see the suburb make the Top 10 list. Again, Manurewa has some fantastic parks, it’s got huge cultural diversity, good access to public transport and is affordable, so it’s easy to see why Manurewa has moved up the list,” points out Norwell.

With median prices hovering around the $1.8 million mark and a reasonably solid number of sales, it’s not surprising that Remuera has remained Auckland’s highest sale volume suburb for the last three years running. The same is true for Auckland Central; the more than 1,200 sales is what has allowed the CBD to keep its second place in the list for three years running despite a median price in the mid-to low $400,000s.

“While you might expect to see the likes of Takapuna, Herne Bay or Saint Mary’s Bay in the Top 10 list, the small number of sales in these areas is what keeps them out of the Top 10 list,” concludes Norwell.

2018

Ranking Suburb Count Median Price ($) Total sales value ($)
1 Remuera 412 1,804,000 908,909,443
2 Auckland Central 1,280 450,800 688,540,711
3 Flat Bush 460 1,150,000 510,657,628
4 Mount Eden 343 1,315,000 474,681,451
5 Epsom 247 1,556,000 445,697,057
6 Henderson 508 745,000 392,441,841
7 Saint Heliers 207 1,660,000 390,542,688
8 Papatoetoe 524 680,000 378,797,568
9 Manurewa 487 630,000 329,104,290
10 Pukekohe 469 677,000 329,021,487

2017

Ranking Suburb Count Median Price Total sales value
1 Remuera 423 1,865,000 1,004,913,083
2 Auckland Central 1,253 434,000 627,823,875
3 Flat Bush 406 1,111,000 459,613,506
4 Mount Eden 315 1,208,000 441,759,726
5 Epsom 231 1,650,000 421,608,801
6 Grey Lynn 266 1,297,500 383,066,884
7 Saint Heliers 198 1,662,500 369,364,176
8 Henderson 476 730,000 365,884,173
9 Pukekohe 481 665,000 329,954,298
10 Papatoetoe 434 689,570 326,382,167

2016

Ranking Suburb Count Median Price Total sales value
1 Remuera 540 1,742,500 1,167,259,641
2 Auckland Central 1,744 434,250 913,724,946
3 Epsom 329 1,390,000 571,556,901
4 Henderson 725 750,000 564,486,282
5 Flat Bush 512 1,001,000 532,841,288
6 Mount Eden 351 1,355,000 522,209,175
7 Saint Heliers 265 1,525,000 483,604,869
8 Papatoetoe 647 678,000 467,390,271
9 Manurewa 673 607,000 435,341,920
10 Massey 522 710,000 389,792,593

PRESS RELEASE – REINZ