Miriam Bell(senior journalist Stuff Masthead) was kind enough to share her thoughts around what’s happening with house prices across the main cities in NZ. This February compared to the previous year.
Auckland had the highest increase in the numbers of houses sold(52.9%)in February. Although right across the country, the volume of houses sold is up(37.9%). Prices are in positive territory but ever so slightly.
In Auckland and Wellington there are is still a big gap in terms of prices from the peak. Interestingly Christchurch seems to look a lot more stable when considering the past ten years relative to other cities.
There are still opportunities for buying in mainly investor type areas, as those interest rates still keep most at bay. It does feel like in the more owner occupier areas there is firm support for prices.
