Auckland property cools further as summer rolls on

Please find attached the latest Trade Me Property Price Index for January 2017.

What we’re seeing
- Auckland’s property market is cooling. Average asking prices dropped by 1.5% in January the first time we’ve seen average asking prices drop two months in a row since June 2012
- The Waikato is the dominant region at the moment with average asking prices in the region up 24.6% on this time last year and up 43% since 2012
- While Auckland has been taking its foot off the pedal the regions are doing very well particularly Waikato, Nelson, Northland. Otago, BOP and Wellington
- The Apartment market is changing markedly as more and more new apartments come on the market

http://img.scoop.co.nz/media/pdfs/1702/Trade_Me_Release__Auckland_property_cools_further_as_summer_rolls_on.pdf

ends