Navigating the current New Zealand Property Market: Insights and Trends
The New Zealand property market has always been a topic of interest for investors, first-home buyers, and economists alike. With the latest NZHL Property Report, we get a comprehensive overview of the current market dynamics, buyer activity, price trends, and more. This article aims to dissect these findings, offering a fresh perspective on what…
New Zealand’s continues to see a decline in the average housing prices
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 …