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PROPERTY MARKET UPDATE: WHERE'S HOT AND WHERE'S NOT

03-Apr-2017

It's hard to get an accurate forecast on property market activity, but according to latest data from realestate.co.nz the signs of a market chill are showing in some key parts of the country; Auckland and Waikato. Things are looking pretty vibrant in other parts of the country. In both Auckland and Waikato the number of residential properties being listed for sale online has increased, yet average asking prices are decreasing. This indicates that buyers in Auckland and Waikato now have more properties to select from, and consequently sellers are lowering their price expectations to match.