21/10/2026
Auckland has been one of the weaker-performing housing markets over the past year, with residential property values down 3.2%. It's also home to the vast majority of New Zealand's apartments.
Which raises an interesting chicken-and-egg question: is Auckland underperforming because it has more apartments? Or are apartments underperforming because so many of them are in Auckland?
Matt Edginton, Valuations Director at Prendos, crunches the numbers and finds the answer isn’t that straightforward.