Capital prices hit record high
The latest Trade Me Property Price Index shows that the national average asking price falling 1.7% to $629,800 in January, as compared to December.
However, the national average asking price was up by 3.7% year-on-year and, if Auckland was excluded, it was up by 5.3% year-on-year.
Auckland’s average asking price fell harder than the national average in January. It was down by 3.3% to $911,250, which was a $30,000 drop from December’s record high.
While Auckland’s January asking price was up from the same time last year – it was only slightly, by 1.8%.
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