Auckland house price hits new record in October, driven by high-end sales

Wed, 02 Nov 2016

By Tina Morrison Nov. 3 (BusinessDesk) - The average Auckland house price hit a new record last month, driven by an increase in sales of higher-value properties, according to the city's largest realtor. The average sale price rose 2.6 percent to $943,801 from September, and is up 12 percent from October last year, Barfoot & Thompson said in a statement. Some 39 percent of the homes were sold for more than $1 million, while just 5.1 percent of properties sold for under $500,000, the agency said. Concern about soaring house prices in Auc...

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