Harcourts picks rising prices

Tuesday 11 February 2014

Harcourts agents have noticed increased interest in the market from property investors, the company’s latest MarketWatch report says.

By The Landlord

The real estate agency reported an average sale price of $665,726 for residential property in the Auckland and Northland region in January.

That was second only to December’s record high $675,726 and was up almost a quarter on the same time in 2013.

Listings and auction numbers are down but Harcourts said auctions still accounted for 38% of all listings.

First-home buyers were looking to parts of the North Shore and West Auckland for more affordable options, Harcourts said. “Overall confidence in the northern region market remains extremely high. There is no sign of demand dropping off and prices will continue to rise while stock levels remain low.”

Comments from our readers

No comments yet

Sign In / Register to add your comment

House Prices

What lies ahead for the housing market

As New Zealand begins to settle into the “new normal” of the Covid-19 lockdown, commentators have started releasing their (tentative) outlooks for the housing market. Here’s a summary of some of them...


Commercial sector facing hundreds of millions in lost revenue

Some large commercial tenants are refusing to pay rent and this could devastate the commercial property sector, the Property Council New Zealand is warning.


Banks roll out mortgage holiday

Major lenders have launched mortgage holidays for borrowers affected by the Covid-19 outbreak, using online application forms to process customer requests.

Site by PHP Developer