mardi 7 avril 2015
New Zealand property prices are worse than in Aussie
Posted on 22:37 by nice news
With Auckland undergoing its property boom, house-buyers in Sydney should feel a little lucky.
Unprecedented sales activity in March has seen Auckland's residential housing market establish new records for prices and sales numbers. The average house price is even more expensive than in Sydney, with the gap widening as a stronger Kiwi dollar heads towards parity.
Barfoot & Thompson, the largest agent in the nation's largest city, is going gangbusters, selling a record 420 homes for more than $1.01 million in March, an increase of about 40 per cent on 12 months ago, and a quarter of all sales.
The company says its median price for property is up 9 per cent on March 2014 at NZ$711,000 (A$698,000). By comparison, the median price in Sydney is A$8000 less at A$690,000 , a jump of 13.9 per cent year-on-year.
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Barfoot & Thompson MD Peter Thompson said prices were up 3.9 per cent on the previous month and the average sale price is at an all-time high of A$776,729, up A$17,000 on the previous record set in December.
"In the first quarter of this year, the average sales price has risen 6.1 per cent over 2014's average price for the year of $716,588, and March's average pric
Unprecedented sales activity in March has seen Auckland's residential housing market establish new records for prices and sales numbers. The average house price is even more expensive than in Sydney, with the gap widening as a stronger Kiwi dollar heads towards parity.
Barfoot & Thompson, the largest agent in the nation's largest city, is going gangbusters, selling a record 420 homes for more than $1.01 million in March, an increase of about 40 per cent on 12 months ago, and a quarter of all sales.
The company says its median price for property is up 9 per cent on March 2014 at NZ$711,000 (A$698,000). By comparison, the median price in Sydney is A$8000 less at A$690,000 , a jump of 13.9 per cent year-on-year.
READ MORE:
* Reserve Bank fears sharp fall in house prices
* 'Don't panic' about overvaluation
* 'Ridiculous' NZ property deals a concern - KPMG
Barfoot & Thompson MD Peter Thompson said prices were up 3.9 per cent on the previous month and the average sale price is at an all-time high of A$776,729, up A$17,000 on the previous record set in December.
"In the first quarter of this year, the average sales price has risen 6.1 per cent over 2014's average price for the year of $716,588, and March's average pric
New Zealand property prices are worse than in Aussie
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