• Sellers are asking for higher prices for their properties, despite reports new lending rules could be taking some heat out of the housing market.

Trade Me Property data shows the average asking price for a New Zealand house has risen again, up $6000 last month to a record $597,250.

Head of Trade Me Property Nigel Jeffries said the housing market had warmed up in the three months to August.

READ MORE VIA STUFF

spring

FIONA GOODALL/GETTY IMAGES
Vendors’ price expectations are still growing, Trade Me data shows.