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Q3 2023 Auckland Apartment Figures

Small uptick in new launches, but they’re all high end

August 21, 2023 5 Minute Read

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  • There were four new saleable launches between June 2023 and August 2023, all for high-end owner occupier product. This is a noticeable turnaround from the first five months of the year which saw three saleable launches, all at the low end of $/sqm pricing. 
  • 1,615 units have completed so far in 2023 and a further 1,854 are expected to finish by the end of the year.
  • Off plan presales were at 55 for the quarter, plus some resales for Beachcroft Residences.
  • Abandonments have decreased.