Wellingtonians take biggest property hit, down $123,100

Wellingtonians take biggest property hit, down $123,100
Wellington's listed prices are now back on par with those of February 2021. (Image: NZME)
Brent Melville
Trade Me, the country’s largest online property listings and auction site, reports that Auckland’s average asking price retreated by 10.8% over the past year to $1.05 million, meaning the average homeowner was $9,500 poorer every month. Wellingtonians are even worse off, absorbing an average asking price decline of $123,100 to $813,200 – or $10,260 every month over the past 12 months. Current listed prices in the capital are now back on par with those of February 2021, according to Trade Me.Nationally, average asking...

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