South Auckland growth imminent
December data from REINZ revealed an ever-evolving property scene in South Auckland.
In Manukau City which encompasses suburbs Mangere, Howick, Manurewa, Alfriston and the ever-expanding Dannemora, the median price was $860,000 – a 4.9% rise from December 2016 when it was $820,000. While Papakura District, which includes Takanini, was up from $620,000 to $705,000 – a respectable 13.7% increase.
In terms of volume, Manukau City finished the year with a 0.6% decrease – 322 properties sold, compared to 324 a year earlier, while Papakura District was down by 7.8%, December 2016 to December 2017 with 64 and 59 sold respectively. It’s worth noting that volume in Papakura District was down a huge 38.5% on the previous month, November, when 96 properties were sold.
Much of this is in keeping with the observation that December in New Zealand is traditionally a quiet month, with vendors and buyers alike focussing their attention on Christmas and summer holidays.
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