Press Release – Trade Me Property
New Zealand’s property market is finishing off the year with a bang, with the national average asking price reaching an all-time high in November, according to the latest Trade Me Property Price Index.
Trade Me Property spokesperson Logan Mudge said the national average asking price rose 12.5 per cent year-on-year in November to reach $762,700. “As the weather heats up, we’re continuing to see house prices around the country head north, with November marking the third record-breaking month in a row.”
Mr Mudge said house prices had continued to go from strength-to-strength this year despite some predicting they would slow due to economic uncertainty following the lockdowns. “Earlier in the year, it was anyone’s guess where the market was heading, but November proved itself to be yet another month of house price inflation.”