House prices continued to climb in April despite housing announcement

PHOTO: NZ House Prices. GETTY

New Zealand house prices continued to rise in April, despite market concerns following the Government’s housing announcement.

The Government unveiled a raft of new measures in March which were designed to make it easier for first-home buyers to get onto the property ladder and crackdown on investors.

But despite some concerns about the changes, the housing market continued to run hot in April.

The April Property Report from realestate.co.nz shows the average asking price for Kiwi properties rose from $835,844 in March to $839,035 in April.

Unsurprisingly, Auckland had the highest average asking price at $1,099,154, followed by Central Otago/Lakes district at $1,029,304 and Coromandel at $920,722.

The West Coast had the lowest average asking price at $359,263.

Realestate.co.nz spokesperson Vanessa Taylor said over the past year, house prices have been steadily rising month on month.

“I don’t think rising prices will come as news to anyone, but what’s interesting is how quickly and strongly the market bounced back after lockdown in April last year,” she said.