McMahon said while CBD developments tended to be bigger and higher, the majority of the new developments were on the city fringe and suburban areas, and were largely pre-sold.
A monthly suburban performance report on found Parnell in Auckland was seeing the steepest median growth for studio units, up per cent from last month.
Auckland Central, Browns Bay, and Eden Terrace were seeing the next highest growth in unit housing, but at less than half the level Parnell was.
There are plans to build 1000 new apartments on the North Shore between now and 2019.
The Stonefields neighbourhood has several apartment developments under construction as part of a $2 billion project to create a new suburb in East Auckland.
The Bellus Apartments are being built within Stonefields and will have 80 apartment units complete at the end of the year.
Another source of the supply would come from large CBD developments like The Antipodean which would bring over 160 new apartments to the market next year, with units costing up to $.
Massey University banking expert David Tripe said banks could be taking lessons from the Australian market and applying them to Auckland projects.