Wellington and Bay of Plenty are no longer in the $1 million club for average asking house prices. Average asking prices in these two main centres have also largely been on a downward trajectory since February 2022. After several months of average asking prices sitting north of $1 million, prices dropped to $908,974 in Bay of Plenty and to $971,976 in Wellington. Fifteen-year record average asking prices were also seen in Gisborne, Hawke’s Bay, Otago, Southland, Coromandel, Central Otago/Lakes District and Wairarapa. Compared to March 2022, however, average asking prices dropped in Northland, Auckland, Bay of Plenty, Taranaki, Wellington, Nelson, West Coast and Marlborough.

Source: Stuff May 01, 2022 21:36 UTC