Auckland’s waterfront properties have second highest premiums in the world

Auckland’s waterfront properties command a price premium of 76%, OneRoof reveals. Only Sydney buyers pay more (121%) for water views, with Auckland’s premiums ahead of the Gold Coast’s (71%) and Perth’s (69%). Michelle Ciesielski, head of residential research at Knight Frank Australia, said that Covid lockdowns “had put greenery and space at the top of buyers’ requirements for homes, fuelling sales and price growth in prime regional markets. Low supply has also kept upwards pressure on prices.”