The latest New Zealand Property Report is published by Realestate.co.nz provides insight into the state of the New Zealand property market as measured by the supply side of the property market.
Excerpt—“The property market continues to show signs of confidence and heightened activity as compared to the last few years. Off the back of the record high asking prices seen last month, seller confidence has again pushed up the (seasonally adjusted) truncated mean asking price to a new record high of $482,063 in October.
The level of new listings coming onto the market in October rose significantly to 13,978 from 11,000 in September. This represents a rise of 27%, and is up 10% when compared to October last year. Of the 5 regions that reported lower new listings than October last year West Coast was the region to report the highest fall -18%, followed by Central Lakes, which saw a fall of 16%.”
