Although Auckland’s house prices are continuing to rise, recent figures show the market is plateauing after a year of “rampant escalation” in prices. House price inflation has been modelled in line with interest rate and migration figures which chart it at 25 per cent. The average price for an Auckland home rose by 12.7 per cent over the past year, compared with 11.8 per cent growth nationally, according to data released on Wednesday from CoreLogic. According to ANZ: “an actual slowdown in the market is certainly our prediction”.
Although Auckland’s house prices are continuing to rise, recent figures show the market is plateauing after a year of “rampant escalation” in prices. The average price for an Auckland home rose by 12.7 per cent over the past year, compared with 11.8 per cent growth nationally, according to data released on Wednesday from CoreLogic. According to ANZ: “an actual slowdown in the market is certainly our prediction”.