1362 days ago

Does your property really double in value every 10yrs?

Matt from

“In 2012, the national average asking price for a home was less than half a million dollars at $447,040. We have seen this average increase steadily over the last ten years to reach just under $1 million in 2021.”

Average asking prices have more than doubled nationally and in 10 of 19 NZ regions in the last decade, according to the latest data from realestate.co.nz.

For homeowners who have not (theoretically) doubled their money, most have seen average asking prices in their regions get close, with more than 90% increases.

Vanessa Williams, spokesperson for realestate.co.nz says that property has long been considered a good investment, and the latest data has supported that theory.

In the last ten years, regional New Zealand small towns have seen the largest average asking price increases. With an increase of $361,441 or 282.1% in 10 years, mill-town Kawerau saw the most exponential average asking price growth.

To read the full report go to realestate.co.nz/blog
or your can contact me to talk real estate -0274951536

Image
More messages from your neighbours
11 minutes ago

Stand-Out Festive Decor: Build a Big DIY Nutcracker

The Team from Resene ColorShop Tauranga

Whip up a larger-than-life nutcracker and have it standing guard to greet guests this Christmas. This is an ideal opportunity to repurpose last year’s baubles, leftover Resene paint testpots and leftover materials from previous projects. You could use an old cardboard box for the body and cover it in fabric scraps. Find out how to make your own nutcracker with these easy step by step instructions.

Image
11 minutes ago

Get painting and wallpapering - Sale now on at Resene ColorShops!

Resene

For a limited time only save the GST value on Resene premium paints, wood stains, wallpaper and decorating accessories at Resene ColorShops. Find out more

Image
3 days ago

Scam Alert: Fake information regarding December Bonuses from MSD

The Team from Neighbourly.co.nz

The Ministry of Social Development is reporting that fake information is circulating about new ‘December bonuses’ or ‘benefit increases’

If you get suspicious communication, please contact Netsafe.

Image