market indicators report | first half...
TRANSCRIPT
Accelerating success.
AUCKLAND RESIDENTIAL DEVELOPMENT REPORT
Fabric of Onehunga Architect: Ashton Mitchell Developer: Lamont & Co
First the Demand, Now the Supply
Market Indicators Report | First Half 2017
SKHY38 Khyber Pass , Newton, Auckland Architect: Cheshire Architects Developer: Lamont & Co
SKHY is a new residential precinct for Auckland with studio, 1, 2 and 3 bedroom apartment options with six distinct layouts. Designed with an enduring sense of quality and character by Cheshire Architects, SKHY is in an accessible location at the top of town. The precinct comprises 112 apartments in total along with commercial and retail premises.
Contents
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New Zealand Residential Market 4
Auckland Residential Market 4
Auckland Apartment Developments 5
Auckland Terraced & Detached Developments 6
Auckland CBD & City Fringe Apartment Map 7
Macro-Economic Factors 1
Key Indicators | First Half 2017 2
POPULATION*Population changes adjust the pressures on the housing market.
Increase in annual net migration
* Including migrationSource: Stats NZ, permanent and long-term migration by country of residence, age and sex (monthly)
5.8%
Macro-Economic Factors Key Indicators | First Half 2017
FEBRUARY 2016: 67,391 FEBRUARY 2017: 71,333
EMPLOYMENT/WAGE Changes in unemployment and wages change a household’s willingness to take on more debt.
Increase inunemployment
Source: Stats NZ
0.3%
DECEMBER 2015: 4.9%DECEMBER 2016: 5.2%
CONSTRUCTION COSTChanges in construction and material costs a�ect sale and land prices.
Increase in residential building construction cost index
Source: Stats NZ, Price Index by Item of Capital Goods; (Base: September Quarter 1999 = 1000) (Qrtly-Mar/Jun/Sep/Dec)
* Including public transportSource: New Zealand Transport Agency, State highway projects
7.2%
DECEMBER 2015: 1,856 DECEMBER 2016: 1,989
2017F-2018F: 6,129 units (88 projects)2019F-2020F: 3,604 units (33 projects)2020: 44% supply in CBD, 24% City Fringe, 32% Suburban Area
NEW ZEALAND RESIDENTIAL BUYER TYPES
Multiple property owners
Source: CoreLogic, Mar-17
39%
Depending on typology and location
12
Movers
28%
43%
First home buyers
20%
AUCKLAND MEDIAN RESIDENTIAL SALE PRICE
NEW SUPPLY: AUCKLAND APARTMENTS
NEW AUCKLAND RESIDENTIAL BUILDING CONSENTS
RESIDENTIAL MARKET OUTLOOK SURVEY
15% from a year ago
APARTMENTS
PROJECTS AVERAGE ASKING PRICE*
YEARHIGH
NET POSITIVE
Source: REINZ, Feb-17
Source: Stats NZ, Feb-17Source: Net percentage (optimists minus pessimists) of respondents who
expect the median price to increase over the next 12 months, Mar-17
*Average price across individual developmentsBased on GFA (internal and balcony area)
*Average price across individual developmentsBased on GFA (internal and balcony area)
$535,000
31
20.3% from a year ago
from the last survey
SECTIONS
$475,00011.3% from a year ago
DWELLINGS (incl apartments)
$830,000
$8,285/sqm to$13,516/sqm
FINANCING Changes in mortgage interest rates a�ect household’s ability to repay their mortgage.
Increase in two-year §xed mortgage interest rates
Source: Reserve Bank New Zealand, Mortgage rates
0.1%
JANUARY 2016: 5.1% JANUARY 2017: 5.2%
GOVERNMENT POLICIES Government policy changes alter thesupply and demand balance of a housing market.
Reserve Bank imposed new
loan-to-value ratio for investors purchasing
property secured with a mortgageseverely limiting deposits less than 40%Source: Government Polices: Reserve Bank New Zealand, Loan-to-value ratio restrictions FAQ
October 2016
The City Rail Link broke ground
Project will increase the frequency of trains with more direct services to the city centre
June 2016
INFRASTRUCTURE*Changes in infrastructure and public transport can promote access to the local area and subsequently boost property values.
AUCKLAND
Completed JANUARY 2016 - MARCH 2017
68 Under Construction
53 Marketing/Design Stage
Depending on typology and location
NEW SUPPLY: AUCKLAND TERRACED AND DETACHED DWELLINGS
STOCK
AVERAGE ASKING PRICE*
3,835$5,727/sqm to$9,453/sqm
Likely to be completed over the next §ve years
INFLUENCING THE NEW ZEALAND RESIDENTIAL PROPERTY MARKET
1
POPULATION*Population changes adjust the pressures on the housing market.
Increase in annual net migration
* Including migrationSource: Stats NZ, permanent and long-term migration by country of residence, age and sex (monthly)
5.8%
Macro-Economic Factors Key Indicators | First Half 2017
FEBRUARY 2016: 67,391 FEBRUARY 2017: 71,333
EMPLOYMENT/WAGE Changes in unemployment and wages change a household’s willingness to take on more debt.
Increase inunemployment
Source: Stats NZ
0.3%
DECEMBER 2015: 4.9%DECEMBER 2016: 5.2%
CONSTRUCTION COSTChanges in construction and material costs a�ect sale and land prices.
Increase in residential building construction cost index
Source: Stats NZ, Price Index by Item of Capital Goods; (Base: September Quarter 1999 = 1000) (Qrtly-Mar/Jun/Sep/Dec)
* Including public transportSource: New Zealand Transport Agency, State highway projects
7.2%
DECEMBER 2015: 1,856 DECEMBER 2016: 1,989
2017F-2018F: 6,129 units (88 projects)2019F-2020F: 3,604 units (33 projects)2020: 44% supply in CBD, 24% City Fringe, 32% Suburban Area
NEW ZEALAND RESIDENTIAL BUYER TYPES
Multiple property owners
Source: CoreLogic, Mar-17
39%
Depending on typology and location
12
Movers
28%
43%
First home buyers
20%
AUCKLAND MEDIAN RESIDENTIAL SALE PRICE
NEW SUPPLY: AUCKLAND APARTMENTS
NEW AUCKLAND RESIDENTIAL BUILDING CONSENTS
RESIDENTIAL MARKET OUTLOOK SURVEY
15% from a year ago
APARTMENTS
PROJECTS AVERAGE ASKING PRICE*
YEARHIGH
NET POSITIVE
Source: REINZ, Feb-17
Source: Stats NZ, Feb-17Source: Net percentage (optimists minus pessimists) of respondents who
expect the median price to increase over the next 12 months, Mar-17
*Average price across individual developmentsBased on GFA (internal and balcony area)
*Average price across individual developmentsBased on GFA (internal and balcony area)
$535,000
31
20.3% from a year ago
from the last survey
SECTIONS
$475,00011.3% from a year ago
DWELLINGS (incl apartments)
$830,000
$8,285/sqm to$13,516/sqm
FINANCING Changes in mortgage interest rates a�ect household’s ability to repay their mortgage.
Increase in two-year §xed mortgage interest rates
Source: Reserve Bank New Zealand, Mortgage rates
0.1%
JANUARY 2016: 5.1% JANUARY 2017: 5.2%
GOVERNMENT POLICIES Government policy changes alter thesupply and demand balance of a housing market.
Reserve Bank imposed new
loan-to-value ratio for investors purchasing
property secured with a mortgageseverely limiting deposits less than 40%Source: Government Polices: Reserve Bank New Zealand, Loan-to-value ratio restrictions FAQ
October 2016
The City Rail Link broke ground
Project will increase the frequency of trains with more direct services to the city centre
June 2016
INFRASTRUCTURE*Changes in infrastructure and public transport can promote access to the local area and subsequently boost property values.
AUCKLAND
Completed JANUARY 2016 - MARCH 2017
68 Under Construction
53 Marketing/Design Stage
Depending on typology and location
NEW SUPPLY: AUCKLAND TERRACED AND DETACHED DWELLINGS
STOCK
AVERAGE ASKING PRICE*
3,835$5,727/sqm to$9,453/sqm
Likely to be completed over the next §ve years
INFLUENCING THE NEW ZEALAND RESIDENTIAL PROPERTY MARKET
2
The biggest headaches for developers are the construction industry’s capacity, and project costs. While the supply demand imbalance has
worked in developers’ favour by boosting sale prices at a time of high demand, an imbalance in the supply and demand for high rise construction is now working against them, pushing up build prices
and lengthening the duration of projects.
Pre-fabrication and large scale skills importation are among the ideas for easing the problem, but so far no significant improvement is evident.
Ironically the solution may come from an unexpected source – the banks. Their tightening of credit to the property sector may result in fewer projects proceeding, potentially easing construction cost escalation,
but by reducing supply it will do nothing to redress the overall supply and demand imbalance.
ALAN MCMAHON National Director | Research and Consulting
3
New Zealand Residential Market
> Between December 2015 and December 2016, household debt increased by 9.0% ($11.9 billion) and disposable income rose by 4.4% ($6.6 billion). In the same period, the number of private dwelling increased by 1.4%, (RBNZ).
> New residential mortgage lending to investors dropped to $1.15 billion in February 2017, a 35% decrease from a year ago. Lending to first time buyers has not changed, (RBNZ).
> Multiple property owners (investors) are buying 39% of all the residential properties sold, movers 28% and first home buyers 20%, (CoreLogic).
> The annual number of new residential building consents increased from 27,745 (Feb-16) to 30,162 (Feb-17), an increase of 8.7%, (Stats NZ).
> The median price for February 2016 was $432,000 for apartments, $460,000 for all residential dwellings and $201,000 for sections, (REINZ).
> The median price for February 2017 is $490,000 (13.4% change) for apartments, $501,000 (8.9% change) for all residential dwellings and $210,000 (4.5% change) for sections (REINZ).
> The average dwelling value for January 2017 is $631,302, up 1.4% from three months ago and up 14% from a year ago, (CoreLogic).
> Queenstown, Hamilton, Tauranga/Mt Maunganui, Wellington and Auckland are the centres where the highest proportion of respondents to our March 2017 Residential Market Outlook Survey expect the median price to increase.
Auckland Residential Market
> The annual number of new residential building consents increased from 9,534 (Feb-16) to 10,045 (Feb-17), an increase of 5.4%, (Stats NZ).
> The median price for February 2016 was $465,000 for apartments, $745,500 for all residential dwellings and $395,000 for sections, (REINZ).
> The median price for February 2017 is $535,000 (15% change) for apartments, $830,000 (11.3% change) for all residential dwellings and $475,000 (20.3% change) for sections, (REINZ).
> The average dwelling value for January 2017 is $1,043,680, down 0.7% from three months ago but up 13% from a year ago, (CoreLogic).
> The mean weekly rent for a residential dwelling in Auckland City is $579, $453 in Franklin District, $494 in Manukau City, $550 in North Shore City, $480 in Papakura District, $503 in Rodney District and $473 in Waitakere City, (MBIE).
New Zealand Residential Market Outlook
New Zealand Residential Buyer Classification
New Zealand Average Dwelling Value
Source: Colliers International Research Net percent (optimists minus pessimists) of respondents who expect the median price to increase over the next 12 months.
Source: CoreLogic
Source: CoreLogic
Auckland Hamilton Tauranga Wellington Christchurch Dunedin
Multiple Property Owner Mover First Home Buyer New to Market ReEntry Other
Shar
e of
Sal
es
$1,000,000
$800,000
$600,000
$400,000
$200,000
$0
40%
30%
20%
10%
0%
Queenstown
HamiltonTauranga/
Mt MaunganuiNelson
Auckland
Wellington
NZ Overall
Napier/Hastings
Rotorua
Whangarei
Dunedin
Palmerston North
Christchurch
0% 20% 40% 60% 80% 100%
2006 2008 2010 2012 2014 2016
2003 2005 2007 2009 2011 2013 2015 2017
Mar-17 Dec-16 Sep-16
37%39%
30%28%
21%
5%4%
20%
5%6%
2%
4
Auckland Apartment Developments
> There were 31 apartment building projects completed between
January 2016 and March 2017. A further 68 projects are currently
under construction and 53 are in the marketing and design stage.
> Since our last report (2H2016), 692 apartment units (12 projects)
have been completed and 1,151 apartment units (12 projects)
have been announced.
> The total number of apartment units estimated for completion in
2017 and 2018 is likely to reach around 6,129 units (88 projects),
with approximately 3,602 more units in 2019 and 2020 (33
projects).
> Currently 60% of the total stock is in the CBD, 25% in the City
Fringe and 15% in the Suburban Area.
> By 2020, 44% of the total stock will be in the CBD, 24% in the City
Fringe and 32% in the Suburban Area.
> In 2016, 33 apartment projects were identified that will not
proceed under original plans. Approximately 16 of these sites
are currently being re-marketed for sale, 7 have been abandoned
under current proposals and 10 have been deferred.
> The median sale price of existing apartments in Auckland in
the 12 months to February 2017 was $535,000, up 15% from the
previous year, according to REINZ.
> Our analysis of more than 9,900 apartment units currently in the
construction, marketing or design phase indicates that average
asking prices per square metre have increased the most for three
bedroom units in the suburban area, up 20% between 2H2016
and 1H2017.
> Apartment typologies being constructed, marketed or in the design
phase in 1H2017 have an average across floor area ranging
between 58 sqm (average one bedroom CBD unit) and 167 sqm
(average three bedroom suburban unit).
> Apartment typologies being constructed, marketed or in the design
phase in 1H2017 have an average asking price per sqm ranging
between $8,285 sqm (average one bedroom suburban unit) and
$13,516 sqm (average three bedroom CBD unit).
Source: Colliers International Research
Source: Colliers International Research
Auckland Apartment Supply by Location
Auckland Apartment Supply Timeline CBD City Fringe Suburban
Existing Forecast to 2020 Buildings20
00
200
1
2002
2003
2004
2005
2006
2007
2008
2009
2010
20
11
2012
2013
2014
2015
2016
2017
P
2018
F
2019
F
2020
F
Num
ber
of U
nits
Num
ber
of U
nits
4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0
25,000
22,500
20,000
17,500
15,000
12,500
10,000
7,500
5,000
2,500
0CBD City Fringe Suburban
32
205 41
230102
48
Source: Colliers International Research Note: Only completed and units in the construction, marketing or design phase are included. An apartment is classified as a building that has 10 or more residential units stacked horizontally and/or vertically. All prices include GST and are based on GFA (internal and balcony).
Average Auckland Apartment Total Floor Area New Build Units – 1H2017
AVERAGE 1 BEDROOM
AVERAGE 2 BEDROOM
AVERAGE 3 BEDROOM
CBD 58 95 152
City Fringe 67 103 145
Suburban 68 108 167
Average Auckland Apartment Asking Price ($/m²) New Build Units – 1H2017
AVERAGE 1 BEDROOM
AVERAGE 2 BEDROOM
AVERAGE 3 BEDROOM
CBD $11,837 $12,083 $13,516
City Fringe $9,466 $10,311 $11,002
Suburban $8,447 $8,285 $9,382
Future Supply p.a.
5
Auckland Terraced & Detached Developments
> This section references a range of terraced and detached unit
developments, not apartment developments.
> We track approximately 3,835 terraced and detached units which
are likely be completed over the next five years.
> Suburban areas such as Hobsonville Point, Mount Wellington and
Albany are seeing the most activity. In the next five years 2,526 units
are likely to be completed in these areas.
> Of the developments we track, 50% will in built in Waitakere City,
18% in Auckland City, 14% in North Shore City, 6% in Rodney
District, 5% in Manukau City, 5% in Papakura District and 2% in
Franklin District.
> Airfields, Market Cove (The Lanes) and Wyllie Grove developments
were announced in 2016, with over 640 terraced and detached
dwellings expected to be completed.
> The median sale price of existing dwellings in Auckland in the 12
months to January 2017 was $830,000, up 11.3% from the previous
year, according to REINZ.
> Dwellings/terraces being constructed, marketed or in the design
phase in 1H2017 have an average gross floor area ranging between
107 sqm and 209 sqm depending on typology and location.
> Dwellings/terraces being constructed, marketed or in the design
phase in 1H2017 have an average asking price per sqm ranging
between $5,727 sqm and $9,453 sqm depending on typology and
location.
> According to our Residential Market Outlook Survey in March 2017,
a net positive (optimists minus pessimists) 54% of respondents
expect the Auckland median price of new terraced and detached
houses to increase in the next 12 months and 41% expect the
median price of existing terraced and detached houses to increase.
Source: Colliers International Research
Source: Colliers International Research
Auckland Apartment Supply by Location
Auckland Dwelling/Terrace Unit Supply by Location
Waitakere City
Auckland City
North Shore City
Rodney City
Manukau City
Papakura City
Franklin City
Sep-16 Dec-16 Mar-17
Num
ber
of U
nits
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%All
DwellingsNew
ApartmentExisting
ApartmentNew Terraced & Detached
House
Existing Terraced & Detached
House
Average Auckland Terraced/Detached Unit Total Floor Area New Build Units - 1H2017
AVERAGE 2 BEDROOM
AVERAGE 3 BEDROOM
Auckland City 136 209
Manukau City 120 157
North Shore City 121 123
Waitakere City 107 159
Overall Average 123 171
Average Auckland Terraced/Detached Unit Asking Price ($/m²) New Build Units - 1H2017
AVERAGE 2 BEDROOM
AVERAGE 3 BEDROOM
Auckland City $9,293 $7,260
Manukau City $7,617 $5,886
North Shore City $9,453 $6,487
Waitakere City $5,787 $5,727
Overall Average $8,456 $6,282
50%
18%
14%
6%
5%5% 2%
Source: Colliers International Research All prices include GST and are based on GFA (internal and balcony).
6
College Hill
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Scanlan St
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Br ight St
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Copeland St
Dacre StKaraka StRandolph St
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Cham
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Summer St
Vermont St
Lincoln St
Norfolk St
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Wil liamso
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Elgin St
Harcourt St
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Beacons�eld StAriki St
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Richmond Rd
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Tutanekai St
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Ham
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16
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N O R T H W E S T E R N M W Y
S O U T H E R N M W Y AU
CK
LA
ND
HA
MI LT O
N H
WY
S O U T H E RN MW
Y
A U C K L A N D H A MI LT O N H W
Y
VICTORIAPARK
ALBERTPARK
AUCKLANDDOMAIN
WESTERNPARK
MYERSPARK
BASQUE ROAD
RESERVENEWMARKET
PARK
AOTEASQUARE
ASB TENNIS CENTRE
VECTORARENA
AUCKLANDUNIVERSITY
AUCKLAND WAR
MEMORIALMUSEUM
WYNYA
RD WHARF
PR
INC
ES W
HA
RF
QU
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S W
HA
RF
CA
PTA
IN C
OO
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HA
RF
MA
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DE
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HA
RF
BLE
DIS
LOE
& K
ING
S
WH
AR
F
JELLICOE W
HARF
WYNYARDQUARTER
SKYTOWER
MT EDENDOMAIN
WA I T E M ATA H A R B O U R
PR
OP
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ED
BRITOMART
NEWMARKET
MT EDEN
KINGSLAND
GRAFTON
The Vulcan2018
Customs Residential 2019
The Maritime Apartment2019
Union & Co
Eve Apartments2018
Wyndham Residences 2018
The Vincent2019
Fiore Cook Residences2018 Sugar Tree
(Stage 3)2019
The Eight2018
Basilica Apartments2018
Proxima Residences2018
SKHY Apartments 22019
Kosmopolis2018
NXN2018 Daisy
2017Nu�eld Apartments
2018
Newmarket Apartments2020
View West Apartments (Stage 2)2018
Parnell Central2018
Station S802018
Lighthouse2018
The Airedale2018
En�eld St Apartments2018
Grafton Hall of Residence2019
2018
Fiore Wake�eld2020
CAB Apartments2019
25 Hargreaves Street2020
The Paci�ca2020
Library 27 2019
8 – 14 Meadowbank2019
132 Halsey2017
Aria Apartments2017
Wynyard Central2017
Lot 222018
Victoria Residences2018
Hobson Fiore Two2016
Sugar Tree (Stage 2)2018
Park Residences2017
Hereford Residences2016
North2017
SKHY Apartments 2017
121 Grafton Road2019
OneThree Cheshire2017
Nixon Central2018
Miro 2017
Botanica Mt Eden2017
Eden Green2018
Nugent Building C2018
The Ivory2017
The James2017
The Edgerly Apartments2017
Botanica Heritage2017
Alexandra Park2018
Three Kings Project (Stage 1 & 2) 2017
St Albans Eden2015
The Seddon Apartments2016
The Citizen2018
Soma Apartments2018
Connect2018
Crest2017
Sol Residences2017
The Citizen Two2017 Hypatia
2017
Oasis2018
Queens Square2018
Union Green2018
Civic Quarter2020
Sale Street Residences
2018The International
2018
The Antipodean2018
Grace Victoria Quarter2019
Saba on Fanshawe 2019
Fiore Two2016
St Marks2018
Scots Landing2015
Carlaw Park (Stage 1)2015
The Boutique2016
Block 72015
Vert2015
Sugar Tree (Stage 1)2015
UniLodge2017
Carlaw Park (Stage 2)2016
Summit on Symonds2016
Western Park Apartments
2016
Forty Three Apartments
2016
The Dylan2016
The Saint2015
Station R2015
Newton Rise2016
Parkview Residences2015
Uno and Duo2017
Pollen Street Apartments
2016
Hopetoun Residences2015
URBA2016
Pinnacle Apartments2016
Skyview Apartments2016 Whitaker Central
2016
Queen Residences2016 Ford Lofts
2017
Ramanda Suites2015
Whitaker Park Central2018
KEY
Auckland Harbourside
Auckland Central West
Auckland Central East
Grafton West
Building nameCompleted Date
Building nameCompletion Date
Building nameCompletion Date
RecentlyCompleted
UnderConstruction
Marketing/Design
Auckland CBD and City Fringe Apartment Map
Source: Colliers International Research
7
College Hill
Victoria St West Victoria St East
Fanshawe St
Quay St Quay St Quay St
No
rth
Wes
tern
Mot
orway
Stan
ley
St
T
he Strand T h e S
tran
d
Ponsonby Rd Newton Rd Khyber Pass Rd Khyber Pass Rd
Gill
ies
Ave
Gill
ies
Ave
Cro
whu
rst S
t
Mountain R
d
M
ount
a in
Rd
Mou
nta i
n R
d
P
ark
Rd
Nor
man
by R
d
Nug
ent
St
Gra
f ton
Rd
Gra
f ton
Rd
Mou
nt E
den
Rd
Mou
nt E
den
Rd
New North Rd
New North R
oad
Sym
onds
St
Sym
onds
St
S
ymon
ds S
t
Hopetoun St
Hopeto
un S
t
Wellington St
Frankl i
n Rd
Beau
mon
t St
Wellesley St West Wellesley St East
Grafton R
d
G raf to
n Rd
Great
North
Rd
Kara
ngahape Rd
Karangahape Rd Grafton Bridge Park Rd Carlton Gore Rd
Sturdee St Customs St West Beach Rd Beach Rd
Parnell Rise Parnell Rd
Man
ukau
Rd
Bro
adw
ay
Bro
adw
ay
P
arne
ll R
d
N
elso
n S
t
Nel
son
St
Hob
son
St
Hob
son
St
Que
en S
t
Q
ueen
St
Q
ueen
St
Que
en S
t
Hep
burn
St
Picton St
Cook St
Albe
rt S
t
A
lber
t St
Mayora l D
rive Mayora
l Driv
e
Wake�eld St P
itt St
V
ince
nt S
t
Upp
er Q
ueen
St
Dom
inio
n R
d
Dom
inio
n R
d
Ian
McK
inno
n D
r
Bos to n Rd
Gladstone R
d Gladstone R
d
Sa int Stephens Ave
Ayr St
Remuera Rd Remuera Rd
Alpers Ave
Sain
t Mar
ks R
d
Bea
umon
t S
t
Ham
er S
t
Jel l icoe St
Madden St
Pakenham St West
Dal
dy S
t
Gaunt St Viaduct H a r b o ur Ave
Cus
toms S
t West
Mar
ket
Pl
Fed
era l
St
Swanson StWyndham St
Fede
ral
St
K ingston St
Elli
ot S
t
Lorn
e St
Hig
h S
t
For
t Ln
Fort St
Gor
e St
Shor t land St E mi ly P
lEden Cres
Parliament St
C hancery St
Kitc
hene
r St
Prin
ces
St
P
rinc
es S
t
Al fred St
Alten Rd
St Paul St
Mount St
Liver
pool
St
City Rd
Greys
Ave
Poynton Tce
Beresford Sq
Mercury Ln
East St
Sale St
Drake St
Gunso
n St
Napier St
Hep
burn
St
Anglesea St Beresford St
How
e St
Gundry S
t
Crummer R
d
Pol len St
Mackelv ie St
Scanlan St
Sussex St
Graham S
t
Hal
sey
St
Mill
s Ln
Com
mer
ce S
t
Bowen AveBrit
omar
t P
l Tyler StGalway St
St
Ben
edic
ts S
t
Exm
outh
St
Dun
dona
ld S
t
Sea�
eld
View
Rd
Carlton Gore Rd
Park
Ave
Gla
sgow Tce
Burton St
Nikau StRuru St Shaddock St
Charlotte St
Virginia Ave W
est
Haslett St
Br ight St
A i tken Tce
Buchanan StAlexander St
Copeland St
Dacre StKaraka StRandolph St
Tang
ihua
St
Te Taou Cres
Ma huhu Cres
Augustus Tce
Parnell Rd Ear le St
Gar�eld St
Balfour R
d
Avon St
Bradford S
tS
carborough Tce
Cheshire St
Carlaw
Par
k Ave
Chur
chill
St
Birdwood Cres
Brighton Rd
Sai
nt G
eorg
e ’s
Bay
Rd
Fox St
York St
Bath S
t
Windsor St
Waitemata S t
New
St
Hargreaves St
Brigha
m S
t
Anzac Ave
Great North Rd
Georgina St
Crummer R
d
Turakina St
Emmett St Hacke t t S t London St
Wood S
t
Coll ingwood St
Paget S
t
Ba r r ie St
Colin Shaw Ln
Saint M
arys
Rd
Shel
ly B
each
Rd
Sars�eld St
Curran S
t Curran S
t
Seym
our
St
Melford StCameron St
Redm
on S
t
D
edwoo
d Tc
e
Arthur S
t
Cowan St Russell StC
larence St
Joh
n S
t
R ichmo nd Rd
Leighton St
Millais S
t
Murdock Rd
Arnold S
t
Rose Rd
Cham
berlain St
Dickens S
t
O’Neil l St
Summer St
Vermont St
Lincoln St
Norfolk St
Douglas St
Brown St
Wil liamso
n Ave
Elgin St
Harcourt St
Northland St
Coleridge St
Grosvenor St
Beacons�eld StAriki St
Bond St Bond S
t
Fourth Ave
Kingsland Ave
First Ave
Second AveThird Ave
Wyn
yard
Rd
View Rd
Espl
anad
e Rd
Bellevue Rd
Hor
oeka
Ave
She
rbou
rne
Rd
Walters Rd Valley Rd
Onslow Rd
Mar
lbor
ough
St
Crom
wel
l St
B rentwood Ave Sylv an
Ave West
En�eld St
Edwin St
Clive Rd
Edenvale Cres
Kelly St
Renall St
Ryle StElizabeth StPonsonby Tce
Bayard S
t
Pompallier Tce
Islington St
Keppell
St
King St
Potatau StBrisbane St
Hom e
St
Dean St
Comm
ercial RdCooper St
Ponsonby RdMiddleton Rd
B
asse
tt
Rd
Maui G
r
ove Ada St
Belmon
t St
Lauriston AveM
arnie St
Jam
es C
ook
Cres
Sarawia St
Bassett Rd
Seav
iew
Rd
The Glen
Railway St
George St
Mor
gan
St
King
don
St
Sand
r ing
ham
R
d
Great North Rd
Jervois Rd
Richmond Rd
Scho�eld S
t
Kakanoa St
Tutanekai St
Surrey Cres
Tuarangi Rd
Allen Rd
Ham
ilton Rd
Sentinel R
d
Lawrence S
t
Wallace S
t
Kelm
arna
Ave
Alb
any
Rd
Wan
ganu
i Ave
Trinity St
A
rdm
ore
Rd
Cockburn St
Dryden S
t
Baildon Rd
16
16
16
16
N O R T H W E S T E R N M W Y
S O U T H E R N M W Y AU
CK
LA
ND
HA
MI LT O
N H
WY
S O U T H E RN MW
Y
A U C K L A N D H A MI LT O N H W
Y
VICTORIAPARK
ALBERTPARK
AUCKLANDDOMAIN
WESTERNPARK
MYERSPARK
BASQUE ROAD
RESERVENEWMARKET
PARK
AOTEASQUARE
ASB TENNIS CENTRE
VECTORARENA
AUCKLANDUNIVERSITY
AUCKLAND WAR
MEMORIALMUSEUM
WYNYA
RD WHARF
PR
INC
ES W
HA
RF
QU
EEN
S W
HA
RF
CA
PTA
IN C
OO
K W
HA
RF
MA
RS
DE
N W
HA
RF
BLE
DIS
LOE
& K
ING
S
WH
AR
F
JELLICOE W
HARF
WYNYARDQUARTER
SKYTOWER
MT EDENDOMAIN
WA I T E M ATA H A R B O U R
PR
OP
OS
ED
BRITOMART
NEWMARKET
MT EDEN
KINGSLAND
GRAFTON
The Vulcan2018
Customs Residential 2019
The Maritime Apartment2019
Union & Co
Eve Apartments2018
Wyndham Residences 2018
The Vincent2019
Fiore Cook Residences2018 Sugar Tree
(Stage 3)2019
The Eight2018
Basilica Apartments2018
Proxima Residences2018
SKHY Apartments 22019
Kosmopolis2018
NXN2018 Daisy
2017Nu�eld Apartments
2018
Newmarket Apartments2020
View West Apartments (Stage 2)2018
Parnell Central2018
Station S802018
Lighthouse2018
The Airedale2018
En�eld St Apartments2018
Grafton Hall of Residence2019
2018
Fiore Wake�eld2020
CAB Apartments2019
25 Hargreaves Street2020
The Paci�ca2020
Library 27 2019
8 – 14 Meadowbank2019
132 Halsey2017
Aria Apartments2017
Wynyard Central2017
Lot 222018
Victoria Residences2018
Hobson Fiore Two2016
Sugar Tree (Stage 2)2018
Park Residences2017
Hereford Residences2016
North2017
SKHY Apartments 2017
121 Grafton Road2019
OneThree Cheshire2017
Nixon Central2018
Miro 2017
Botanica Mt Eden2017
Eden Green2018
Nugent Building C2018
The Ivory2017
The James2017
The Edgerly Apartments2017
Botanica Heritage2017
Alexandra Park2018
Three Kings Project (Stage 1 & 2) 2017
St Albans Eden2015
The Seddon Apartments2016
The Citizen2018
Soma Apartments2018
Connect2018
Crest2017
Sol Residences2017
The Citizen Two2017 Hypatia
2017
Oasis2018
Queens Square2018
Union Green2018
Civic Quarter2020
Sale Street Residences
2018The International
2018
The Antipodean2018
Grace Victoria Quarter2019
Saba on Fanshawe 2019
Fiore Two2016
St Marks2018
Scots Landing2015
Carlaw Park (Stage 1)2015
The Boutique2016
Block 72015
Vert2015
Sugar Tree (Stage 1)2015
UniLodge2017
Carlaw Park (Stage 2)2016
Summit on Symonds2016
Western Park Apartments
2016
Forty Three Apartments
2016
The Dylan2016
The Saint2015
Station R2015
Newton Rise2016
Parkview Residences2015
Uno and Duo2017
Pollen Street Apartments
2016
Hopetoun Residences2015
URBA2016
Pinnacle Apartments2016
Skyview Apartments2016 Whitaker Central
2016
Queen Residences2016 Ford Lofts
2017
Ramanda Suites2015
Whitaker Park Central2018
Whilst all care has been taken to provide reasonably accurate information within this report, Colliers International cannot guarantee the validity of all data and information utilised in preparing this research. Accordingly Colliers International New Zealand limited, do not make any representation of warranty, expressed or implied, as to the accuracy or completeness of the content contained herein and no legal liability is to be assumed or implied with respect thereto.
© All content is Copyright Colliers International New Zealand Limited 2017 and may not be reproduced without expressed permission.
For more information contact:
Alan McMahon National Director | Research & Consulting
Leo Lee Research Manager
Elena Christodoulou Research Analyst
Emily DuncanResearch Analyst
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Chris Farhi Director | Strategic Consulting
Caity Pask Senior Analyst | Strategic Consulting
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Alexandra Park (sold out) Architect: RTA Studios and DJRD
Developer: Auckland Trotting Club