property market

PHOTO: CHARLOTTE CURD/STUFF Trade Me reported a 6 per cent increase in views on properties for sale in January, compared to a year earlier.

Trade Me is reporting a strong start to 2020 for the property market.

It said seven provinces hit record average asking prices in January on the site.

“While typically Auckland and Wellington hog the headlines when it comes to property prices, the provinces have been increasing considerably with some even experiencing strong double-digit price growth,” head of Trade Me Property Nigel Jeffries said.

“The average asking price in Bay of Plenty, Gisborne, Manawatu/Whanganui, Marlborough, Nelson/Tasman, West Coast, and Southland all hit new highs in January. Out of the record-breaking regions, Southland, West Coast and Manawatu/Whanganui were the standouts with a year-on-year increase of 15.4 per cent, 14.4 per cent and 18.6 per cent respectively.”