The average asking price for homes in New Zealand increased by 5.5% within a month and reached a record high of $568,215, according to reports. In the past month, prices have risen more than 10% across all regions of the country. About Realestate.co.nz Realestate.co.nz offers buyers the shortest path to the perfect property. Such highs are a typical sign of low inventory, claims property expert Brendon Skipper, which is caused by accelerated property turnover rather than a lack of supply; in fact, national listings have risen by 12.8% over the past year.
The average asking price for homes in New Zealand increased by 5.5% within a month and reached a record high of $568,215, according to reports. In the past month, prices have risen more than 10% across all regions of the country. Such highs are a typical sign of low inventory, claims property expert Brendon Skipper, which is caused by accelerated property turnover rather than a lack of supply; in fact, national listings have risen by 12.8% over the past year.