WATCH: Perspectives Property Report December 2024

Hello and welcome to this month's perspectives. I'm Carolyn Hanson, principal and director of New Zealand Sotheby's International Realty Auckland South East.

Today I'll be sharing some insights into the Auckland South East region, offering a glimpse into what it's like to live here and some expert knowledge about the local real estate market. There's a lot to love about the area located southeast of New Zealand's largest city. Just 30 to 35 minutes drive from downtown Auckland, areas like Clevedon, Whitford, Mallons Bay, Raitai, Bucklands Beach all offer a distinct appeal.

With expansive land, scenic landscapes and access to coastal beaches, these suburbs have become increasingly popular for those seeking tranquility without sacrificing proximity to the city. The ferry from Pine Harbour allows commuters to be in downtown Auckland in as little as 35 minutes. In recent years, we have seen increasing interest from high net worth individuals looking for privacy, space and seclusion.

"The global pandemic reshaped property markets worldwide, and as a result, regions like South East Auckland have seen a surge in interest among affluent, domestic and international buyers. Rising demand has inevitably led to property price increases in the region."

Over the past few years, prices have grown steadily. These properties with their larger land holdings and unique appeal have outpaced urban luxury counterparts in terms of value growth. We expect this trend to continue as supply remains limited and interest in lifestyle and coastal properties show no signs of slowing down. We are currently seeing multiple offers on large rural properties, a level of demand that hasn't been experienced in recent years.

For the period August to October 2024, sales volume was up 11.8% on last year, with the average number of days on market being just 53.

Following the recent announcement of the official cash rate dropped to 4.25%, the housing market outlook appears increasingly positive.

Some notable properties we currently have on the market are 188 Mellons Bay Road, Mellons Bay, Positioned in a private setting directly across from the serene Mellons Bay Beach, this exquisite 6 bedroom family home sprawls over an impressive 2,931 square meters of lush park like grounds enhanced by sea views.

34 Quinns Road, 2 substantial homes on 4 hectares of native gardens and orchard, offer their own perspectives and enjoy total privacy from one another. Suitable for multi generational families or for home and income purposes.

80 Ingrams Road Drury, indulge in the ultimate blend of luxury and functionality with this exquisite property. Situated on 2.17 hectares of pristine land, The 587 square meter home promises an unparalleled living experience, plus commercial income.

Our exceptional team at the Auckland South East office bring a wealth of expertise and insight into the local real estate market. Whether you're selling your property or searching for your ideal residence, reach out to us for unparalleled service and results.