News
Eastern suburbs soaring
Wednesday 19th of March 2014
The LVR rules were being felt most acutely in the cheaper end of the market, it said, and pricier spots such as the eastern suburbs were largely unaffected.
Bayleys said the average price across all the eastern suburbs was nearing $1 million.
Suburbs such as Ellerslie, Epsom, Greelane and Meadowbank - on the fringes of the most desirable suburbs - had reported particularly big price increases, of 30% or more over the two years to the end of 2013.
Bayleys said sales in the area were still turning over at a rate of 600 per quarter.
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