New developments on the outer fringes of West and South Auckland are becoming most affordable spots for first homebuyers, says a report from the NZ Herald.
While West Auckland and parts of South Auckland are no longer an “easy leg up” on the real estate ladder, other suburbs including Silverdale, Weymouth and Paerata are becoming more affordable in comparison, according to the report.
“The average house price in Titirangi, West Auckland, is now $656,850 – 26 per cent higher than in 2007 – meaning a $132,000 deposit is needed just to get a look in. Further south, suburbs such as Hill Park in Manurewa and Goodwood Heights have also climbed, with the latter’s average price going up 24.4 per cent to $619,00,” said the website.
“The Government and Auckland Council are speeding up the planning and consent process to meet the demand for affordable housing and work has started on several major projects with the aim of delivering at least 5000 new homes a year.”
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