New government hasn’t panicked market
There’s been little movement in values, with the average Auckland selling price still hovering just below the million dollar mark at $910,537. This does represent a drop of 0.9% on the previous three month average, however.
The median house price in October was $830,000.
“The Auckland housing market has been unfazed by the political change that has occurred,” said Peter Thompson, the managing director of Barfoot and Thompson.
Although prices of properties sold through Barfoot and Thompson declined by nearly one per cent, Thompson says that when looked at when considered over of a three month period, values remained stable.
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