Market Swings back in favour of buyers
OneRoof’s April House Price Report is here, and the headline is: The market has swung back in favour of buyers with a spike in new listings easing house price growth.
The pace of property value growth for New Zealand slowed to 0.5% ($5000) over the quarter. However, the figures also pointed to an overall rebound in the market, with property values in 60% of the country’s suburbs up year-on-year. The strongest lifts in the year to the end of March 2024 were in higher value Canterbury suburbs, including Merivale and Fendalton, and low-priced suburbs in West Coast.
According to the OneRoof figures, property values were up year-on-year in 481 New Zealand suburbs with 20 or more settled sales in the last year.
Click here to read the full report and see how your suburb and region’s average house value is trending.