Record asking prices recorded

Auckland sellers aren’t losing confidence in the market, the latest Realestate.co.nz data shows.

Thursday, April 03rd 2014

The average national asking price of newly-listed residential property on the website rose in March to $484,263.

Auckland, Wellington and Waikato reported record average asking prices of $683,169, $469,487 and $393,612, respectively.

The number of properties for sale recovered a bit, thanks to an increase of new listings in Auckland, Wellington and Christchurch.

The national inventory of unsold homes lifted 8% to 28 weeks’ of stock in March.

It’s still below its long-term average of 37 weeks.

Realestate.co.nz marketing manager Paul McKenzie said seller confidence in the major centres wass rising, buoyed by strong demand.

To reach last month’s record, average Auckland asking prices rose by 12% year-on-year, Wellington prices rose 7% and Waikato prices 10%.

New property listings increased by 3%.

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Unity First Home Buyer special	4.09
SBS FirstHome Combo	4.19
ICBC	4.49
Kainga Ora	4.59
Co-operative Bank - First Home Special	4.59
ANZ Special	4.65
AIA - Go Home Loans	4.65
ASB Bank	4.65
TSB Special	4.69
Co-operative Bank - Owner Occ	4.69
SBS Bank Special	4.69

China Construction Bank	4.95
Kainga Ora	4.95
ICBC	4.99
Nelson Building Society	5.09
Westpac Special	5.19
Kiwibank Special	5.19
Co-operative Bank - First Home Special	5.19
TSB Special	5.25
ASB Bank	5.25
AIA - Go Home Loans	5.25
SBS Bank Special	5.29

Westpac Special	5.49
SBS Bank Special	5.49
BNZ - Std	5.49
AIA - Go Home Loans	5.59
ASB Bank	5.59
ICBC	5.65
Kiwibank Special	5.69
Kainga Ora	5.69
Co-operative Bank - First Home Special	5.69
Co-operative Bank - Owner Occ	5.79
TSB Special	5.99

SBS FirstHome Combo	3.29
AIA - Back My Build	3.34
SBS Construction lending for FHB	3.74
CFML 321 Loans	3.95
Co-operative Bank - Owner Occ	4.99
Co-operative Bank - Standard	4.99
ICBC	5.39
Kiwibank - Offset	5.75
Kiwibank Special	5.75
Kiwibank	5.75
Unity Standard	5.79

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