Monthly Property Update

PHOTO: The Monthly Property Update is generated using’s March 2021 HomesEstimates, providing an up-to-date perspective on house values around New Zealand.

Sales records in over 300 suburbs smashed

Are you continually surprised by how much your neighbour’s property is being sold for? If you so, then you are not alone. The property market continues to set records right around the country – and March was no different.  This month, the team has looked at recent sales activity to see how many suburbs have seen new sales records being set.

There have been new sales records set in 325 suburbs across the country. In each of these, a recent sale (within the last 6 months) has been found to be the highest seen in the suburb within the last decade. Dunedin has set the most records with 11 different suburbs seeing new highest sales.

49B Marshall St set a Bradford suburb record in Dunedin selling for 1.45M in Oct 2020

Within our other main centres, there were a further 26 suburbs with new sales records, including 212A Riverside Avenue, Point England in Auckland and 8 Wai-Iti Terrace, Burnside in Christchurch setting records with sales exceeding $3M.