No sign of hous­ing bub­ble

Manawatu Standard - Property Weekly - - Front Page -

Real es­tate in­dus­try play­ers say there are no signs of a hous­ing bub­ble de­vel­op­ing in Auck­land de­spite the lat­est fig­ures show­ing ask­ing prices for homes in the re­gion have hit record highs while the rest of the coun­try heads back­wards.

Ac­cord­ing to, the av­er­age ask­ing price of an Auck­land home in April was $568,820, up 1.7 per cent on March. Mean­while the av­er­age price of a prop­erty for the whole of the coun­try dipped 1 per cent to $423,832.

Real es­tate pro­fes­sion­als cau­tion the head­line num­bers should be taken with a pinch of salt, and the mar­ket is still in re­cov­ery.

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