Spring adds bounce to Auckland housing market

The average house price in August rose 1.5% from the same month last year, to $530,023.

B&T, the city's largest real estate firm, sold 830 properties last month, a 6.5% increase on July's sales numbers and a whopping 65.3% increase on August last year.

"Keen interest has returned to the Auckland market," says B&T managing director Peter Thompson. "Buyers feel prices are attractive, they can afford the repayments and are comfortable about their future job prospects."

Thompson believes market activity is being lifted across all geographic areas due to buyers remaining "restrained and selective" but are still committing to completing transactions.