To help combat Auckland’s housing crisis, Special Housing Areas (SHAs) have been established across the city where fast-track development of housing (including affordable housing) can take place. SHAs were set up to speed up the supply of housing as agreed in a Housing Accord between the Auckland Council and central government. Special Housing Areas (SHA) are a tool provided for within the council’s agreement to provide more housing to meet the considerable demand particularly in the main centres. Key to these areas been designated SHA status is the requirement that developers provide at least 10% of affordable housing within their development. Compared to other houses on the market, afforda

Auckland's buyers' market hardens with low sales numbers and prices easing

The Auckland property market has made its slowest start to a year in more than a decade as the market hardens towards being a buyers’ market. “The market has failed to gain any momentum since the holiday break. Sales numbers in February at 474 were the lowest in a month since December 2008, which was at the high point of the global financial crisis,” said Peter Thompson, Managing Director of Barfoot & Thompson. “In the first two months of the year, sales numbers at 1,127 are down 10.4 percent on what they were for the first two months of last year. “While sales activity was limited it had only a minimal impact on the average sales price which, at $918,496, was down less than $9,000 (0.9 perc

Premium Team

Munish Bhatt 022 068 6474 & Gurbir Sodhi  027 552 7626 

Barfoot & Thompson Auckland

E: m.bhatt@barfoot.co.nz  & E: g.sodhi@barfoot.co.nz

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