News | Business
22 Apr 2018 19:01
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    House listings low, prices all-time high

    The asking price for a house nationally is at all all-time high, according to recent statistics.


    The average cost of a house is at an all-time high but the number of listings has dropped to a record low.

    Statistics from realestate.co.nz show that there were 7133 listings in December compared with 7606 a year ago, while the average asking price across the country is $660,798, up 3.8 per cent from the same time in 2016.

    Realestate.co.nz spokeswoman Vanessa Taylor says the Auckland market has become a buyers' one for the first time since 2011.

    "Theoretically, if no new listings came onto the market in Auckland and all existing stock was sold, there would be no houses for sale in 24 weeks which has overtaken the long-term average - making it a buyers' market," she said.

    "The average asking price is still increasing [up 2.7 per cent] despite high levels of stock."

    Ms Taylor says December is a low month on the housing charts, so it will be interesting to see if the trend for Auckland continues in 2018.

    Elsewhere, Central Otago/Lakes has edged Auckland in the average price stakes, with the average price there now $984,719.

    Areas which experienced the biggest asking price increases included Nelson & Bays (up 11.3 per cent to $618,712), West Coast (up 8.7 per cent to $265,396), Southland (up 6.3 per cent to $309,174) and Wairarapa (up 5.4 per cent to $429,488).

    The biggest decreases in asking price were in the Central North Island (down 7.4 per cent to $403,648) and Gisborne (down 4.7 per cent to $287,928).

    New listings were down overall nationwide, with 13 of the 19 regions experiencing a drop.

    Auckland contributed significantly, with only 1908 new houses listed in December, down 7.8 per cent on the previous December's 2070.

    The biggest fall was in the Wairarapa, down by 32.9 per cent to just 98 houses listed.

    Another region with a significant new listings fall was Hawke's Bay, down 21.7 per cent, with only 220 new properties put on the market last month.


    NZN




    © 2018 NZN, NZCity


     Other Business News
     22 Apr: Bank inquiry not needed in New Zealand
     22 Apr: Power outage for 1400 Auckland homes
     21 Apr: Air NZ plane bound for Japan turns back
     21 Apr: Air NZ loses two 787s to engine problem
     20 Apr: NZ shares fall as MSCI changes debated
     20 Apr: NZ dollar heads for 1.6pc weekly fall
     20 Apr: FMA keeping close tabs as AMP chief quits
     Top Stories

    RUGBY RUGBY
    Black Ferns Sevens repeat Australian win More...


    BUSINESS BUSINESS
    Bank inquiry not needed in New Zealand More...



     Today's News

    Rugby League:
    Smith wary of ex-Storm playmaker Green 18:47

    Rugby League:
    Eels v Sea Eagles, Sharks v Panthers: NRL round seven live scores, stats and commentary 18:16

    Rugby:
    Black Ferns Sevens repeat Australian win 18:16

    Living & Travel:
    Trent Boult's incredible catch dismisses Virat Kohli on the boundary rope in IPL 18:16

    Motorsports:
    McLaughlin takes Supercars Island double 17:46

    Politics:
    Victorian Government offers cash incentive to help households get better energy deal 17:36

    Rugby League:
    Skipper Smith waiting for Storm NRL offer 17:26

    Accident and Emergency:
    Swimmer missing at Omanawa Falls 17:06

    Basketball:
    Adams subdued as OKC lose to Jazz 16:56

    International:
    Kangaroos v Hawks, Lions v Suns: AFL round seven live scores, stats and commentary 16:46


     News Search






    Power Search


    © 2018 New Zealand City Ltd