PHOTO: For sale sign outside of house. Source: 1 NEWS
Auckland house prices have continued to fall, according to the latest Trade Me property price index, which shows the average asking price drop to the lowest since September 2016.
The average asking price fell 2.2 per cent on last year to $875,450.
Trade Me Property’s Aaron Clancy said it was the fourth consecutive month that property prices have dipped in Auckland.
“After years of eye-watering price increases the heat has well and truly been taken out of the Auckland property market,” he said.
Statistics show the average asking price in Auckland dropped almost $71,000 from its peak in October 2018.
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