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

Oceania shrinks footprint, prioritises balance sheet
Property

Oceania shrinks footprint, prioritises balance sheet

Oceania has divested four aged care facilities in the space of six months.

Paul Bary lobbies minister over Du Val BTR
Property

Paul Bary lobbies minister over Du Val BTR

Du Val Build To Rent assets could be sold early next year; investor Paul Bary unhappy.

Receivers ask Du Val founders: ‘Where are the assets?’
Property

Receivers ask Du Val founders: ‘Where are the assets?’

Du Val receivers say they have evidence of other assets they want information on.

Maria Slade 21 Nov 2024
Reasonable progress or pass the parcel?
Property

Reasonable progress or pass the parcel?

Opinions split over whether buildings are being earthquake-strengthened fast enough.