Talk Money: August 2, 2016
Auckland homeowners are asking record prices for their properties. But it appears that is encouraging more people to look for a property outside of the region.
The latest statistics from property website realestate.co.nz show that last month, the average asking price in Auckland rose by 1.1 percent to a record $898,562. Across the country, the average asking price slipped 1.3 percent to $569,971.
Asking prices normally correlate closely with the eventual sale prices, but are not always an exact match.
Realestate.co.nz says there was a 4.9 percent drop in the number of people searching on the site for Auckland properties, compared to a year ago.
But nationally there was a rise of 14.48 percent in people looking, compared to a year ago.