Within Auckland Franklin is flourishing, Waitakeres woeful
The median sales price for a property in the Auckland suburb of Franklin has risen 21% in the year to August 2011, while prices have fallen 35% in the Waitakeres.
Tuesday, September 20th 2011, 12:00AM
by The Landlord
The figures were revealed in the latest Crockers Auckland sales price table, which also revealed the number of sales in each suburb.
While the Auckland average sales price rose 2% from August 2010, up from $445,000 to $453,000, and the national average rose 1%, up from $350,000 to $355,000, within the Auckland suburbs there were a wide range of price fluctuations.
Franklin saw the biggest year-on-year rise and also saw a 90% increase in sales, from 40 properties in August 2010 to 76 in August 2011.
Other suburbs that saw significant increases in the median sales price included the Islands of the Gulf (up 18%), Papatoetoe (14%) and Mt Albert (11%).
While the largest fall in price was recorded in the Waitakeres, the figure was based on a low amount of sales – four in August 2010 and just one in August 2011.
Other suburbs to see significant falls in the median sales price included Upper Harbour (-17%), Onehunga/Penrose (-16%) and the Eastern Suburbs (-12%).
Within Auckland over the year to August 2010 there was a 27% rise in sales, up from 1,487 to 1,894. Nationwide, sales rose 21% from 4,287 to 5,192.
The area to see the largest year-on-year rise in sales was Upper Harbour, up 280% from five to 19 sales. Other areas to see significant rises in sales included Albany (up 92% from 36 to 69) and Papakura (up 90% from 30 to 57).
Only one region other than the Waitakeres saw a year-on-year fall in sales, with the Eastern Suburbs down 8% from 119 to 109.
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