Auckland house price growth moderates in October as new rules introduced

Tue, 03 Nov 2015

By Tina Morrison Nov. 4 (BusinessDesk) - Auckland house price growth moderated in October amid signs the bubbling property market in New Zealand's largest city may be cooling as new restrictions are introduced, according to the city's largest realtor. The average sale price edged up 0.5 percent to $840,402 in October, lagging behind September's 1.9 percent gain, Barfoot & Thompson said in a statement. That's 14.1 percent above the average in October 2014, although the lift in the last three months was only 1.5 percent. Monthly sales...

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