As regions around the country report fluctuating house prices, the Bay of Plenty property market is remaining stable.
The official website of the New Zealand real estate industry, and largest online database of homes for sale, Realestate.co.nz, reports the average asking price for Bay properties rose less than 0.5 per cent from August to September.
This compares to extremes represented by Gisborne's average, which rose 16.6 per cent per listing, and homes on the South Island's West Coast, which dropped in value by a staggering 17.6 per cent.
The number of new property listings in the Bay is also holding firm.
Listings decreased by a marginal sum of around one per cent, versus the national average fall of 5.4 per cent.
- marketing manager Paul McKenzie says despite overall high prices and a relatively low number of homes on the market, buyer interest remains strong.
'Last month, Realestate.co.nz had 75 per cent more unique daily visitors in September compared to a year ago.”
2 comments
About to change
Posted on 03-10-2014 13:25 | By YOGI BEAR
With a large drop in milk income the farms sales will drop, business will drop and so will house prices
I remember
Posted on 03-10-2014 17:43 | By Johnney
I remember not long ago farmers were getting $5 a kilogram and were pretty excited. They might have to trade down the flash cars and curb the overseas trip like the rest of us. This has nothing to do with house prices. House prices is all about supply and demand. We have high demand and low supply. Opposite to the dairy commodities at the moment. Everyone has their day in the sun.
Leave a Comment
You must be logged in to make a comment.