- New Zealand’s property market seems to be in a holding pattern as investors and home-buyers wait to see what will happen next.
Property data firm MyValocity has released its latest report, which shows double-digit house price growth in much of the country, particularly in centres around Auckland.
Tauranga’s house prices are up 27.8 per cent, year-on-year. Hamilton was up 26.4 per cent.
Auckland, Wellington and Christchurch were up 8 per cent, 12.9 per cent and down 0.5 per cent respectively.
READ MORE: Sellers wait for a premium while buyers take their time: Realestate.co.nz
KIRK HARGREAVES/FAIRFAX NZ
Buyers are more hesitant as they wait to see what happens with property prices, MyValocity valuer James Wilson says.
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