Auckland buyers drive up house prices in Nelson region

  • Buyers from Auckland are helping drive up property prices in the Nelson region.

Nelson real estate agents say they have noticed an increase in Auckland inquiries and buyers, adding to Nelson’s already pumping property market.

A four-bedroom, one-bathroom old character home, with a garage on St Vincent St, traditionally at the lower-valued end of Nelson’s property market, was recently sold to Auckland buyers for $445,000 — more than $100,000 over its last capital valuation (CV).

Another property in Victory Square had more than 200 people view the property in 10 days. In that case the majority of those looking were from Nelson.

READ MORE:
* Out-of-towners flock to Nelson
* North Islanders driving up prices in top of the south
* Lifestyle lure drives property boom

nelson

MARTIN DE RUYTER
This St Vincent St was sold to Auckland buyers for $445,000 — more than $100,000 over its most recent valuation.

READ MORE VIA STUFF

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