Agency sales show Auckland rise defying house price trend

A $60,000 annual price jump in Auckland house prices has been reported by New Zealand's largest real estate agency.

Harcourts noted the price rise in the northern region area, where Auckland is the biggest market.

The company said prices in other regions had dropped between 3 and 24 per cent in the same time.

Northern region houses sold for an average $536,000 last month, up from $476,000 a year earlier. The number of written sales jumped from 252 to 433 and auctions and tenders rose from 95 to 106.

Nationally, Harcourts' sales were up 44 per cent between last April and last month and the Auckland and Christchurch regions showed the best signs of activity.

To read the full NZ Herald stroy click here

Posted: 15 May 2009

News articles