Auckland prices at 35 month low
That’s according to the latest REINZ data which shows Auckland prices fell by 2.4% to $800,000 in January, as compared to $820,000 in January 2018.
This is the region’s lowest median price since February 2016, with falls across Franklin, Rodney, North Shore and Papakura districts ranging from -0.7% to -13.2% during the month.
But REINZ chief executive Bindi Norwell says there are still pockets of price growth across Auckland as Auckland City, Manukau City and Waitakere City all saw annual increases of between 1.5% and 9.5%.
“December and January usually see prices decline and then pick up again in February and March, so we’ll be watching closely to see whether this is just the usual slowdown or whether it’s the start of something wider.
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