National MarketWatch Analysis December 2014

There is a sense of urgency in the residential property market with written sales up markedly from this time last year in all regions except Christchurch. Buyers recognise that now is the best time to buy.

Despite the LVR restrictions, average house prices continue to rise; up 8% in Auckland/Northland to $709,823. Wellington prices are also strong - up 5% to $387,566 - outperforming Christchurch Metro this month, which saw a 2% rise to $488,520.

You can read the full market analysis attached.

December_2014_National_MarketWatch.pdf