National average asking price virtually unchanged for over a year
Since January 2023, the national average asking price has remained stable. At $868,877, it is down a marginal 0.6% on April last year. The national average asking price has remained below $900,000 since December 2022, a significant decrease from the market peak in January 2022 when it exceeded $1 million.
“As we move into the winter months, we typically see a cooling market, and in 2024, this is combined with a softening economy. It will be interesting to see how these factors play out for the property market in the coming months,” says Sarah Wood, CEO of realestate.co.nz
Scam Alert: Fake information regarding December Bonuses from MSD
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.
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