Suburban owner-occupier apartments are becoming an increasingly significant component of Auckland’s apartment market, CBRE research shows.
The ubiquitous Sydney 3-floor walkup, made popular over 60 years ago when new regulations required a lift in apartment buildings over 3 storeys, is at last starting to attract attention in Auckland.
Apartment specialist Martin Dunn, owner of the City Sales agency in Auckland, made 5 key points in his market assessment the week before Christmas.
Auckland’s central city apartment market is reshaping, according to CBRE research.
Colliers International researchers said today 3000 apartments would be built in the Auckland cbd in the 4 years to the end of 2018, raising stock by 18%, from 17,395 to 20,472.
Published 15 June 2012 A review of the Auckland apartment sector by Bayleys Research shows the market strengthened significantly throughout 2011 and the momentum has been maintained through the opening quarter of 2012. Bayleys Research manager Gerald Rundle said in his latest Market Beat paper the 340 transactions completed in the March quarter was the […]