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Updated · Mortgage Professional · May 8New Zealand housing market remains a buyer's market in April
14 articles · Updated · Mortgage Professional · May 8
- Trade Me Property said the national average asking price was NZ$855,050, up 2.3% year on year, while listings rose 3.3%, giving buyers more choice.
- Southland prices rose nearly 14% to NZ$563,450 and the West Coast jumped 29%, though Trade Me said smaller markets can be more volatile.
- One-to-two-bedroom homes led gains, up 3.2% to NZ$606,850, while Auckland dipped 2% month on month but stayed above NZ$1m at NZ$1,047,350.
With sellers asking for more but buyers offering less, who will win New Zealand's property tug-of-war? Auckland's property market is called 'undervalued.' Is this the best buying opportunity in years? As landlords rush to sell, are first-home buyers getting a bargain or catching a falling knife?