Houses Prices Still Rising

Average newly listed houses asking price hits record high
By: Carla Penman
Thursday April 3 2014

A record rise in the asking price of newly listed houses throughout the country in March.

The latest NZ Property Report has quoted the national average asking price at just over $480,000. marketing manager, Paul McKenzie, says it’s largely been driven by the renewed seller confidence in Auckland, Wellington and Waikato.

He says it definitely looks as if it will continue to rise, particularly in Auckland.

“Auckland had quite good levels of recovery. But it’s still, in terms of the total stock in Auckland, still very low.”

Mr McKenzie says although there was a slight decrease across much of the South Island, things are looking more positive in Canterbury.

“That was close on four percent higher than last month and four percent higher than last year.”


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