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4 Jan 2025 7:52
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      Home > News > Business

    A booming year for the West Coast housing market

    A booming year for the West Coast housing market


    OneRoof's House Price Report finds buying a home in New Zealand is eight thousand dollars cheaper than a year ago - but prices are climbing back up.

    It finds the regions and suburbs that have had the most growth in 2024 - tended to be the most affordable.

    Oneroof editor Owen Vaughan says the average property value in the West Coast region was up 11.2-percent year-on-year to 488-thousand dollars.

    He says first home buyers in that region are taking advantage of the affordability - and being able to get a home within reach of their budget.

    © 2025 Newstalk ZB, NZCity

     Other Business News
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     03 Jan: An expectation for house prices to flat-line as 2025's predicted to be a year of cautious stability
     03 Jan: Stable house prices are tipped for 2025
     02 Jan: Transpower is warning of potential power failures in the South Island, while it deals with a severe "geomagnetic induced current event"
     02 Jan: Port Vila's CBD remains closed after a deadly earthquake, leaving businesses and workers facing uncertainty
     Top Stories

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    Michael van Gerwen can smell a fourth World Darts Championship title - but won't be satisfied until it's his More...

    BUSINESS BUSINESS
    The Reserve Bank remains on standby over summer, as the US prepares for a handover of power, and uncertainty continues in the Middle East and Ukraine More...


     Today's News

    		 Law and Order:
    The man accused of killing Nelson police officer Lyn Fleming has been granted interim name suppression because of family concerns 7:46

     Business:
    The Reserve Bank remains on standby over summer, as the US prepares for a handover of power, and uncertainty continues in the Middle East and Ukraine 7:36

     Entertainment:
    Michelle Keegan is pregnant 7:26

     Cricket:
    Australia's day to start the fifth and final cricket test against India at the SCG 7:06

     Entertainment:
    Stephen Fry became "afraid" of making basic movements after he fell from a stage in 2023 6:56

     Entertainment:
    Lindsay Arnold has put plans to have another baby "on pause" 6:26

     Health & Safety:
    The public is being urged not to panic following the discovery of a single male oriental fruit fly in South Auckland's Papatoetoe yesterday 6:06

     Rugby:
    Michael van Gerwen can smell a fourth World Darts Championship title - but won't be satisfied until it's his 5:36

     Law and Order:
    The fair trial rights of the man accused of killing Nelson Police officer Lyn Fleming have been highlighted at his first court appearance 4:36

     Entertainment:
    Michael J. Fox served as the inspiration for 'Shrinking' 21:56

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