Auckland apartment market fuels up

The number of apartments listed for sale in Auckland almost doubled during May, while listings in other main centres declined, according to the latest data from realestate.co.nz.

In June, real time statistics revealed new apartment listings gained some 2.2% in Auckland to 800 from 453 in the previous month.

“We’ve been collecting property data for more than 10 years and never before have we seen so many apartments come onto the market in one month,” realestate.co.nz spokesperson, Vanessa Taylor said.

One and two bedroom apartments made up the lion’s share of the apartment listing in the property market nationwide.

The number of apartments listed for sale in Auckland almost doubled during May, while listings in other main centres declined, according to the latest data from realestate.co.nz.

In June, real time statistics revealed new apartment listings gained some 2.2% in Auckland to 800 from 453 in the previous month.

“We’ve been collecting property data for more than 10 years and never before have we seen so many apartments come onto the market in one month,” realestate.co.nz spokesperson, Vanessa Taylor said.

One and two bedroom apartments made up the lion’s share of the apartment listing in the property market nationwide.

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