Market report with Graham
Welcome to your monthly market report, highlighting trends occurring in the property markets of Hobsonville to Massey but also including Whenuapai and Herald Island.
Auckland is a patchwork of individual markets, delivering different buyer preferences based on lifestyle choices, schooling, entertainment, access to services and infrastructure. In this column, I will tell you the facts, express a personal opinion on what is happening in the market and why, and give you my predictions for future activity.
If you would like an appraisal and market review on your home and your area, we are happy to do this at no cost to you. We can also highlight particular areas of your home and section, which may add thousands to your final sale price.
Hobsonville – We are seeing many sales many sales of ten to twenty year homes in the area on 600 to 700 square metre sections selling between $820,000 and $930,000. The presentation of the homes and the views from the house are a key factor. Many buyers in this area are mature with older children. Hobsonville offers a very unique environment with a range of new units and townhouses mixed with older style homes that have been fully refurbished. The traditionalist may have to settle for West Harbour or Westgate in the future. Sections in the area seem to be selling around $700,000 and house and land packages around $1,200,000. The market in this area is firm.
Whenuapai and Herald Island – When Forest Gump explained that life was a box of chocolates he was talking about the extraordinary mix of lifestyle and residential options available in this area. We are seeing a range of residential property sales in the early to mid $800,000 range and lifestyle in the early $1,000,000. Speculators, land bankers and developers continue to flirt with the larger land owners with sales over $2,600,000. The market in this area is firm.
West Harbour – The house sales in West Harbour can be categorised as older style 1970 to 1990 homes closer to Westgate selling $700,000 to $850,000 and newer style homes (1995 plus) that are closer to Hobsonville selling $800,000 to $1,200,000. The larger homes at 300 plus square meters with extensive views and good construction are getting up to $1,550,000 but these are the exception rather than the rule. Buyers are tending to be a mix of family buyers and mature buyers coming from North Shore and Auckland fringe, seeking better value for money and good community values. West Harbour has always delivered a happy medium of easy living, good access to transport, schooling and shopping. The progress of Westgate town will increase the desirability of the area to New Zealand and overseas buyers. The market in this area is firm.
If you are considering a change in your real estate situation and would like a professional discussion, a very sensible commission rate and a complimentary $6,500 marketing head start, call us today on 0800 900 700 or visit www.grahammcintyre.co.nz. Licensed REAA (2008).