Papakura-Franklin is made up of 18 suburbs. The most expensive suburb is Karaka, which has a median house price of $1,150,200. While the most affordable suburb is Orere Point, which has a median house price of $530,800.
Over the last 20 years of all Papakura-Franklin suburbs (Jan 2000 – Mar 2020), Papakura had the fastest-growing house, at 6.39% per year. That is 7.53% slower than the median Auckland house price.
The suburb that grew the slowest over that period was Conifer Grove, which grew at a rate of 5.59% per year. That’s 19.14% slower than the median Auckland house price.
Papakura being rated as a better area for millennials to live in than hotspots like Parnell, Ponsonby and Mt Eden has come as a surprise to local board chair Brent Catchpole. Real Estate Institute research rated Ōtāhuhu, Henderson and Papakura as the best spots for millennials – people born between 1980 and 2000.
Will house prices go up in 5 years?
forecasts that house prices, regardless of low interest rates, would grow by just 5 per cent over the next five years, as opposed to 15 per cent growth under a ‘baseline’ scenario.
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