Some very interesting figures from QV.co.nz out in the past week which shows a bit of a slow down in house price increases for Auckland. After a few years of gains which were hovering in the 20% mark it seems Auckland is down to 15% in the past year. We have noticed that auction rooms in Auckland have been a lot quieter lately, although properties still seem to move promptly following an auction. Our buyers are able to secure properties without a rush which is nice for a change.
Hamilton and Tauranga a bit of a surprise for some with an increase of nearly 30% in the past year. This summer should get interesting for Tauranga as more Aucklanders start to migrate out to the provinces.
Our capital city Wellington moving up faster than Auckland now with an increase of more than 20%. Christchurch has had some major structural changes and is in positive territory with a 4.4% increase. At the cheap end, Napier and Hastings are showing increases on par with Manukau at 17%.
