Auckland Prices Ease
Property prices continue to decline in
Auckland, as the average residential property value falls for the fifth month
in a row. The market is slowing across Auckland's districts, with average
values down everywhere with the exception of Franklin and Manukau. In fact, the
housing market across New Zealand has taken its lead from Auckland, with Real
Estate Institute of New Zealand (REINZ) figures showing static price growth in
April, and Realestate.co.nz figures showing a significant fall in the average
national asking price.
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