The average asking price for homes in New Zealand increased by 12.8% within a month and reached a record high of $ 473,011 , according to reports. 129 of all New Zealand regions reported record asking prices, including notoriously expensive Auckland and New Zealand . 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 a month .
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. Almost half of all New Zealand regions reported record asking prices, including notoriously expensive Auckland and Wellington. 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.