Property prices hit all-time highs in regions as new listings drop
Latest property figures show Auckland isn't the only place with a shortage of houses for sale.
Coromandel, Nelson, Canterbury, Bay of Plenty and Waikato all experienced a drop in supply for August, according to realeastate.co.nz.
It's seen asking prices reach all-time highs in some regions. In a single month, asking prices rose:
Auckland's average asking price was just over $900,000, up 1 percent.
The biggest rise came in Central Otago/Lakes, asking prices up 10.3 percent to $750,582.
Property asking prices in August 2016 (supplied; click for larger version)
Some regions saw prices fall. Southland's the cheapest place to buy, with prices dropping 1.3 percent to $246,822.
The biggest fall however was in Marlborough, with asking prices down 14.9 percent to $428,799.
The average asking price nationwide is $593,023, up more than 40 percent in four years.