PHOTO: The housing market
The housing market remains solid but subdued with prices edging higher as growth in regional centres offsets weakness in Auckland, with hopes that lower interest rates and warmer weather will spark renewed activity.
The latest QV house price index was little changed in the three months ended August at 0.2 per cent, with growth of just 2.3 per cent over the year.
The average national house value was $688,760 with prices easing in much of Auckland, parts of Wellington and Christchurch, and flat in Queenstown.
Senior QV consultant Paul McCorry said many sellers appeared to have been waiting for winter to pass, but those who had listed benefited from keener competition from real estate agents wanting their business, while more properties have been listed with asking prices.
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