Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Barfoot’s Auckland property listings jump 40%

Barfoot’s Auckland property listings jump 40%, average price slips

Feb. 5 (BusinessDesk) – Auckland real estate firm Barfoot & Thompson’s new listings more than doubled in January from December while the average sale price fell, suggesting the city’s overheated property market is luring more sellers.

Auckland’s biggest real estate firm listed 1,440 properties in January, the highest for that month in five years and up 40 percent from January 2012. The firm had 697 listings in December.

The average sale price last month was $600,754, the first time it has exceeded $600,000 for January. That’s up 13 percent from a year earlier and down from $624,015 in December. The average price hit a record $627,721 in November.

New listings in January outpaced the 820 properties sold by Barfoot in the month, which was a six-year high and up 20 percent from a year earlier.

Of the total properties sold, 47 percent were under $500,000 and about 16 percent below $300,000. There were 68 homes sold for more than $1 million.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Reserve Bank: Official Cash Rate Unchanged At 1.75 Percent

Global economic growth has increased and become more broad-based. However, major challenges remain with on-going surplus capacity and extensive political uncertainty... More>>

Kaikōura Earthquake: Private Insurers Receive $1.8b Claims

Insurance Council Chief Executive Tim Grafton said most is for commercial loss at $1.36 billion, with residential claims amounting to over $460 million. “...We have a high level of confidence that most people will have received settlement offers by the end of this year." More>>

ALSO:

Forms And Data: New Proposals To Simplify Personal Income Tax

The Government is proposing to make tax simpler for individuals, with people whose only income is from a salary, wages or investments no longer being required to file tax returns to receive tax refunds or to calculate any additional tax. More>>