Surveys reveal buoyant market

Realestate.co.nz issued its monthly report, which showed increases in asking prices across all the major regions.

The national average asking price in October was $482,063, up from $466,526 in September.

Realestate.co.nz’s acting chief executive Philip Dunn said the increase was driven by all the main centres reporting all-time high prices. “Particularly notable is the increase by just over $16,000 in Auckland to make their new asking price a high of $666,126.”

The Hawkes Bay, Wellington and Canterbury regions all experienced significant increases in asking prices and set new records.