QV warns average Auckland house price could hit $1 million mark in just over a year

  • Auckland’s housing market is heating up again, despite continued efforts to curb investor activity.

To buy the “average” house in the super city, you will now have to part ways with $955,793 – an increase of 3.3 per cent over the past three months, and 15.4 per cent year-on-year.

Th increase prompted a warning by QV that if values continue to rise at the same rate throughout the year, then by June 2017 the average value will top $1 million.

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The average house value in Wellington is now $504,794.

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