PHOTO: The average asking price for a home in NZ has topped $700,000. Photo credit: Getty
The national asking price for houses has surpassed $700,000 for the first time since Realestate.co.nz’s records began 13 years ago.
Its figures for December 2019 show the national average asking price hit $703,780 – a 3.4 percent increase from November.
There are also record lows in new listings and total homes available for sale.
Realestate.co.nz spokesperson Vanessa Taylor said it was the first time since records began in 2007 that there were three national records in the same month.
“There have been years where we have seen a combination of two, but never all three.
“Low stock, teamed with high asking prices sees us close out the decade as a strong sellers’ market,” she said.
What you can get for the average asking price
But what exactly will $703,000 get you differs around the country.
In Auckland, where the average asking price is $940,761, you could get a two-bedroom apartment in Mount Wellington, with joint facilities such as swimming pool, gymnasium, sauna and tennis court.
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