Trade Me says property prices lowest since August 2021

(Image: Deposit Photos)

Thu, 16 Feb 2023

Real estate listing firm Trade Me says asking prices for property in Auckland and Wellington listed on its website haven’t been this low since August 2021. The Wellington-based software company owned by British private equity firm Apax Partners said the average asking price for Auckland properties fell 10.7% to $1.12 million in January from the same month a year earlier and in Wellington, the average price dropped 10.5% to $872,400.“We haven't seen prices this low in these regions since August 2021. As we would expect, it w...

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