Auckland house prices rise in July as new listings jump, Barfoot says

Sun, 04 Aug 2013

Aug. 5 (BusinessDesk) - Auckland house prices rose for a third month in July as listings and sales jumped, according to Barfoot & Thompson, the city’s biggest realtor. The average sale price rose 0.7 percent to $654,379 last month, adding to a 0.8 percent gain in June, the firm said. The median price fell to $585,000 from $590,000. A shortage of new homes in New Zealand’s biggest city has spurred the government to introduce legislation that would fast-track developments and create special housing areas, while at the same time, the central ba...

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