A lot of excitement around the housing market has been bubbling away for the past six months in the more sought after areas of Auckland, but is this excitement now spreading to other areas?
Last week I attended the Auctions for South Auckland run by the one of the bigger players in the Auckland scene, Barfoot and Thompson. I was surprised at the contrast between now and six months ago. Where previously I had been in a vast expanse of space with only half the chairs taken, on this day the room was buzzing with every seat taken and people standing on the side lines. The dismal lethargy of property after property being passed in was replaced with sold transactions for most houses on offer. 
- Based on data from REINZ
When taking a close look at the median prices for Mt Eden/Epsom you will find definite trend upwards. This is in line with what we have been hearing from our buyers who have been surprised at Auctions. As buyers miss out on better areas, they start to look further afield. As they put pressure on the boarders of their preferred areas, the waterfall effect reaches the shores of more economical suburbs in time.
Manurewa seems to have seen a higher median in the past twelve months compared to the previous year. But changes here seem to a lot more subdued currently. If the future months bring more of the same trend, it would seem that we may have some opportunities available.
