Auckland property cools further as summer rolls on

Auckland property cools further as summer rolls on

Please find attached the latest Trade Me Property Price Index for January 2017.

What we’re seeing
- Auckland’s property market is cooling. Average asking prices dropped by 1.5% in January the first time we’ve seen average asking prices drop two months in a row since June 2012
- The Waikato is the dominant region at the moment with average asking prices in the region up 24.6% on this time last year and up 43% since 2012
- While Auckland has been taking its foot off the pedal the regions are doing very well particularly Waikato, Nelson, Northland. Otago, BOP and Wellington
- The Apartment market is changing markedly as more and more new apartments come on the market

http://img.scoop.co.nz/media/pdfs/1702/Trade_Me_Release__Auckland_property_cools_further_as_summer_rolls_on.pdf

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