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


Provincial property market heats up while Auckland cools

Provincial property market heats up while Auckland cools

What we’re seeing
- Auckland’s property market is cooling while the regions appear to be taking off
- Excluding the three major cities provincial property prices have risen $336,950 (37.9%) in the past five years
- Of New Zealand’s 15 regions, 7 hit record highs average asking prices in December 2016 - Gisborne, Marlborough, Manawatu, Nelson, Northland, Southland and Waikato.
- Of the three ‘halo’ regions Northland has been the quietest until recently. The region blew through the half million dollar mark in November and kept going in December. It now has average asking prices of $521,750
- Urban properties (units, apartments, townhouses) are lagging behind the rest of the property market (while still growing) and this may be down to lending restrictions


© Scoop Media

Business Headlines | Sci-Tech Headlines


NZ's Space Programme: Rocket Lab Makes It To Space (But Not Orbit)

Electron lifted-off at 16:20 NZST from Rocket Lab Launch Complex 1 on the Mahia Peninsula in New Zealand. It was the first orbital-class rocket launched from from a private launch site in the world. More>>



Budget: Irrigate (Good Times, Come On!)

Additional grant funding of $26.7 million over the next three years plus a capital boost of $63 million towards irrigation investments in Budget 2017 will deliver economic and environmental benefits through better use of water... More>>


Silver Fern Farms: Proposal To Close Fairton Sheepmeat Plant

Silver Fern Farms has advised its people of the proposal to permanently close the site, and has discussed potential transfer options to its other sites in the region as part of the consultation process...


MPI: Myrtle Rust Appears In Taranaki

The nursery in Waitara (just north of New Plymouth) reported suspected myrtle rust symptoms on young plants to the Ministry’s 0800 number yesterday (Tuesday). More>>