Regions lead the price growth pack

The property market nationwide started off the year strong with the national average asking price up by 3% year-on-year to $666,900 in January.

Every region - except Auckland - saw an annual increase in property prices and seven provinces kicking off 2020 with record average asking prices.

Head of Trade Me Property Nigel Jeffries says typically Auckland and Wellington hog the headlines when it comes to property prices.

But the provinces have been increasing considerably with some even experiencing strong double-digit price growth, he says.