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

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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

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

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

Aimee SimpsonResearch Co-ordinator

Chris Farhi Director | Strategic Consulting

Caity Pask Senior Analyst | Strategic Consulting

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