PHOTO: NZ House Prices. GETTY
New Zealand house prices continued to rise in April, despite market concerns following the Government’s housing announcement.
The Government unveiled a raft of new measures in March which were designed to make it easier for first-home buyers to get onto the property ladder and crackdown on investors.
But despite some concerns about the changes, the housing market continued to run hot in April.
WE DON’T ROAST OUR BEANS UNTIL WE HAVE YOUR ORDER
The April Property Report from realestate.co.nz shows the average asking price for Kiwi properties rose from $835,844 in March to $839,035 in April.
Unsurprisingly, Auckland had the highest average asking price at $1,099,154, followed by Central Otago/Lakes district at $1,029,304 and Coromandel at $920,722.
The West Coast had the lowest average asking price at $359,263.
Realestate.co.nz spokesperson Vanessa Taylor said over the past year, house prices have been steadily rising month on month.
“I don’t think rising prices will come as news to anyone, but what’s interesting is how quickly and strongly the market bounced back after lockdown in April last year,” she said.
READ MORE VIA NEWSHUB
- Abandoned land for sale
- Buying a house in Auckland? Hilarious TikTok sums up buyers frustrations | WATCH
- ‘Ghost of Muldoon’ looms over housing market – expert
- Auckland real estate agent recreates Bruno Mars hit in viral marketing video | WATCH
- Housing market expected to cool
- ‘Ploy’ to get more offers in Auckland house sale backfires
- Brother told to pay $1m debt
- Housing vs vegetables: Productive New Zealand farmland ‘lost to lifestyle blocks’ | WATCH
- Average New Zealand house price hits $800k for the first time | TRADE ME
- Ex NRL star and real estate agent reveals himself as sportsman charged with importing methamphetamine | WATCH