National price growth strong
Trade Me Property’s latest asking price data shows that, excluding Auckland, the national average asking price increased by 22.6%, from $350,000 to $429,100, over the last five years.
This rate of growth is the highest level seen over the past seven years.
Head of Trade Me Property Nigel Jeffries said it is a long way from just two years ago – in November 2013 the five-year growth rate was a barely noticeable 2.1%.
“Sometimes it’s important to remove the impossible Auckland yardstick and look objectively at what’s been going on around the country.
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