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.
FASTEST FALLS
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
READ MORE VIA STUFF