March 2023
New Zealand’s continues to see a decline in the average housing prices
By Hadar
7th Mar, 2023
According to Quotable Value (QV), the average value of homes in Jan’23 was $934,761, indicating a decrease of $10,006 (-1.6%) since Dec’22 and $129,004 (-12.1%) since January last year. The Wellington Region saw the biggest decline in dollar terms over the year, with average values dropping by $222,749, followed by the Auckland Region with a ...
Median house prices declining by several thousand dollars in many regions in New Zealand
By Hadar
2nd Mar, 2023
According to the latest data from the Real Estate Institute of New Zealand, the country's house prices have experienced a significant decline. The figures show that certain areas of Auckland have experienced a drop of over $400,000 in the last year. The REINZ's House Price Index indicates that house prices across the country have dropped by 13.9% o...
