Older two-bedroom Grey Lynn home fetches a sky-high price, living up to the suburb's expensive reputation
No discussion of Auckland's most expensive suburbs would be complete without Ponsonby and Grey Lynn. In these affluent neighbourhoods of million-dollar homes, every patch of land is precious, making them prized locations for many property buyers.
No discussion of Auckland's most expensive suburbs would be complete without Ponsonby and Grey Lynn. In these affluent neighbourhoods of million-dollar homes, every patch of land is precious, making them prized locations for many property buyers.
At the end of 2019, an older two-bedroom home of 84 square metres in Grey Lynn sold for a staggering NZ$1,920,000, a transaction that even made headlines. The price equated to approximately NZ$22,900 per square metre.
The Grey Lynn area includes Pt Chevalier, Westmere and Arch Hill, offering suitable places to live for both traditional and modern families.
Celebrities often shop at the local Foodtown supermarket. Although not every street looks particularly upmarket, Grey Lynn has a distinctive landscape overall. Westmere and Pt Chevalier, for example, are known for their expansive green spaces and lawns.
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Whether you want to live close to the city centre or regularly visit the shops, restaurants and bars of Ponsonby and K Road, Grey Lynn is a good choice.
Grey Lynn's wide streets and convenient parking are another major attraction for homebuyers.
According to a REINZ report, Grey Lynn's annual median house price rose from NZ$1,010,000 to NZ$1,480,000 over the past 5 years, an increase of 47%. Its monthly median price climbed even higher, to NZ$1,800,000.
Over the past 12 months, Grey Lynn recorded 208 house sales, with a combined value of NZ$334,839,385.
Three-bedroom homes were the most popular, with 85 sales accounting for approximately 41% of all transactions.
Grey Lynn's resident population is predominantly young to middle-aged, with people aged 20–44 making up more than half the population, at around 54%.
Household incomes are therefore relatively high as well, with households earning over a million accounting for nearly half the area, at approximately 46%.
The area also has a concentration of well-regarded schools, including Grey Lynn School, Westmere School (Auckland), Ponsonby Intermediate, Auckland Girls' Grammar School and Western Springs College.
You can now secure a quality boutique home in Grey Lynn for just NZ$1000 (special conditions apply). Don't miss this opportunity.
Even better, the development has no restrictions on buyers' residency status. You can own a welcoming home in central Auckland even if you have not yet obtained PR (a permanent resident visa).
The Hadlow freehold residential development brings convenience and comfortable living together, offering a property opportunity you should not miss.
The development comprises 102 townhouses, 11 apartments and 7 strata freehold retail units. It is a collaboration between Conrad Group, one of New Zealand's most renowned developers, and award-winning registered architects Leuschke. It aims to connect residents with their surroundings, make life more liveable and sustainable, and focus on what truly matters: the community in which they live.
These boutique homes use highly functional concrete wall panels designed to stand the test of time. With only a limited number of properties available, every detail reflects an ecological response to the distinctive surrounding environment.
Step outside and you'll find cafés for your morning coffee. At the weekend, shop for fresh produce at Grey Lynn Farmer’s Market or head to Grey Lynn Park for an enjoyable weekend with the children.
Ponsonby Road offers numerous restaurants and nightlife options. Renowned local New Zealand designers and international designer brands line the street, interspersed with some of Auckland's most popular cafés and restaurants.
The development is just 3 kilometres from the CBD, making your daily commute easy. Major bus routes and cycleways run past the entrance, while ample parking and convenient car sharing let you travel as you please. Spend less time in traffic and more time enjoying the neighbourhood.
If you are interested in this residential development, contact us today.
Apartments priced from NZ$655000
Townhouses priced from NZ$995000
Michael Chen：027 868 8686
Paul Ko：021 333 779
Lonny Tian：021 620 885
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