PROPERTY MARKET REPORT- NOTHING NEW
Posted on May 20, 2013 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
The property market continues to show signs of confidence and heightened activity as compared to the past few years. The confidence amongst sellers bringing their properties onto the market has pushed up the (seasonally adjusted) truncated mean asking price to a new high of $447,275 – the highest level since the collection of data began in 2007.
This rise in asking price was noticeable in around half of New Zealand, with Auckland reaching a new record high of $612,167, and Central Lakes Otago reaching a new high of $679,987. A record low of $353,474 was seen in Marlborough (down 9% on March figures). (Realestate.co.nz)
Filed under: REAL ESTATE | Tagged: Real Estate