Central Otago Lakes homes at a $565,000 premium to Auckland

Central Otago Lakes homes at a $565,000 premium to Auckland
Queenstown is well ahead of national house price average. (Image: BusinessDesk)
Brent Melville
New real estate listings climbed 10.5% nationally last month, while the Central Otago Lakes district put more daylight between it and Auckland, hitting an average asking price of $1.62 million. Listings site realestate.co.nz reported 7,347 new property listings across the board in January, with a 22.4% increase in Auckland listings to 2,461.  The biggest jump in homes headed to market was in Wairarapa, which had a 42.9% jump to 110, while Coromandel's 139 listings were a 26.4% year-on-year increase.Although the number of...

More Property

Action against Hawkins directors stalled
Property

Action against Hawkins directors stalled

Proceedings by the failed group's liquidators relate to a leaky building claim.

Maria Slade 24 Jul 2024
Arvida buyout lifts retirement sector
Property

Arvida buyout lifts retirement sector

On Tuesday, Arvida traded volumes of $127 million. Its competitors followed suit.

Gregor Thompson 24 Jul 2024
The change of heart behind Arvida’s US private equity buyout
Property

The change of heart behind Arvida’s US private equity buyout

The company’s share price rose 55% after the announcement.

Gregor Thompson 23 Jul 2024
Arvida shares up 55% after US private equity buyout news
Property

Arvida shares up 55% after US private equity buyout news

The scheme is unanimously supported by Arvida's board.

Gregor Thompson 22 Jul 2024