Auckland house prices rise to record in September as regulation looms, Barfoot says

Mon, 05 Oct 2015

By Suze Metherell Oct. 6 (BusinessDesk) - Auckland house prices rose to a record in an unseasonably busy September as buyers sought properties ahead of new regulations aimed at cooling the market, according to the city's largest realtor. The average sale price increased 1.9 percent to $836,275 in September from a month earlier for an annual rise of 13 percent, and the median sales price advanced 4.6 percent to $790,000 for a 24 percent yearly increase, Barfoot & Thompson said in a statement. Monthly sales rose 3.3 percent to 1,358, and we...

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