4.2pc in­crease in house prices

Auckland City Harbour News - - News -

House prices in Pt Che­va­lier, West­mere, Pon­sonby, Grey Lynn and Waterview bucked the trend last month, with an av­er­age sale price of $608,997 recorded.

The fig­ure was up 4.2 per­cent on the av­er­age over the past year, says Bar­foot & Thomp­son.

Houses in the in­ner sub­urbs and the east­ern bays achieved prices that re­mained con­stant or de­clined slightly.

“Our sales statis­tics show that homes around cen­tral Auck­land and the east­ern bays are at­tract­ing keen buyer at­ten­tion,” says manag­ing di­rec­tor Peter Thomp­son.

“In June we sold 75 per­cent more homes in this area than we did dur­ing the same month last year.

“The hous­ing mar­ket re­cov­ery is this area has been quicker and is show­ing greater depth and so­lid­ity than any­one was an­tic­i­pat­ing.”

The av­er­age price achieved across Auck­land was $521,791.

“As buy­ers re­turn to the mar­ket, the ini­tial fo­cus is on con­ve­nient lo­ca­tions that have a rep­u­ta­tion for rep­re­sent­ing value for money.”

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