Strong marketing achieves success in Auckland apartment market
Despite it being winter and a rather slow market, our listing numbers for apartments in Auckland are increasing steadier compared to our mid-year records for 2018.
There’s no doubt about it: buyers are active in Auckland’s apartment market. But the difference between buyer outlook this year compared to last is that they have more confidence. The result? Buyers are taking more time to make decisions.
These challenges are being overcome in our auction rooms. To date, we’re continuing to see active bidding right across the board, with more success bridging the buyer-seller gap on the auction floor or post-auction, as our auction clearance rate sits at circa 68%.
But we can’t ignore the fact that to successfully sell Auckland apartments in such a market, it pays to have a solid marketing plan in place. Well-promoted properties are still attracting strong buyer competition and, ultimately, getting better results for buyers and sellers alike.
So, if you’re looking for new, luxury, waterfront or studio apartments for sale in Auckland, or you need expert support in buying or investing, give us a call today.
Positive Momentum, But Still a Few Speed Bumps Ahead “We’re definitely seeing signs of momentum,” says Daniel Horrobin, Director of City Realty Group. “The Reserve Bank of New Zealand has now cut the Official Cash Rate at five consecutive policy meetings — and there’s speculation a sixth cut could come … Read more
Market Warming Up, But Brakes Not Fully Off Yet “Despite recent OCR cuts, with more anticipated in coming months, it would appear the economic recovery has not quite gained the momentum many expected,” says Daniel Horrobin, Director of City Realty Group. While rate drops have sparked optimism, many are still … Read more
Market Comment – August 2019
Strong marketing achieves success in Auckland apartment market
Despite it being winter and a rather slow market, our listing numbers for apartments in Auckland are increasing steadier compared to our mid-year records for 2018.
There’s no doubt about it: buyers are active in Auckland’s apartment market. But the difference between buyer outlook this year compared to last is that they have more confidence. The result? Buyers are taking more time to make decisions.
These challenges are being overcome in our auction rooms. To date, we’re continuing to see active bidding right across the board, with more success bridging the buyer-seller gap on the auction floor or post-auction, as our auction clearance rate sits at circa 68%.
But we can’t ignore the fact that to successfully sell Auckland apartments in such a market, it pays to have a solid marketing plan in place. Well-promoted properties are still attracting strong buyer competition and, ultimately, getting better results for buyers and sellers alike.
So, if you’re looking for new, luxury, waterfront or studio apartments for sale in Auckland, or you need expert support in buying or investing, give us a call today.
Latest News
Auckland Apartment Report – May 2025
Positive Momentum, But Still a Few Speed Bumps Ahead “We’re definitely seeing signs of momentum,” says Daniel Horrobin, Director of City Realty Group. “The Reserve Bank of New Zealand has now cut the Official Cash Rate at five consecutive policy meetings — and there’s speculation a sixth cut could come … Read more
Read Full Post
Auckland Apartment Report – April 2025
Market Warming Up, But Brakes Not Fully Off Yet “Despite recent OCR cuts, with more anticipated in coming months, it would appear the economic recovery has not quite gained the momentum many expected,” says Daniel Horrobin, Director of City Realty Group. While rate drops have sparked optimism, many are still … Read more
Read Full Post