Manukau leads Auckland house price fall

 

PHOTO: Bindi Norwell: “Manukau City’s median price is the lowest since January 2016, Rodney’s is the lowest median price since September 2017 and Waitakere’s is the lowest since March 2016, so you can see why this has pulled the overall Auckland median down.”

Parts of the country are suffering sharp house price falls of more than 10 per cent, new statistics show.

The Real Estate Institute has released its latest data, for January.

It reveals the number of properties sold across the country was up 2.7 per cent compared to January 2017.

But compared to December, national house prices dropped 5.5 per cent to a median $520,000. In Auckland, prices were down 4.8 per cent month-on-month and 1.2 per cent on the year before.

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