Latest property report - November

Hot off the press from realestate.co.nz - The month of November saw a 1.9% increase compared to October in the national average asking price reaching an all time high of $497,840. The number of new property listings remains high with a 2% lift from November 2013.
“The New Zealand property market continues to be robust, with a very healthy number of new listings heading into summer...” says Marketing Manager for Realestate.co.nz, Paul McKenzie.

The asking price of homes for sale rose in nine out of 19 regions across the country and a notable jump in Central Otago/Lakes with a 12% surge in asking price from the previous month; the Waikato experienced an 8.2% increase, rising from $361,512 to $391,137. Other regions which saw big jumps in asking price in November included the Wairarapa (5.9%), Northland (5.4%) and Taranaki (5.1%). The average asking price in Auckland also climbed in November by 4.9% reaching $731,588

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Shannon CorbettComment