950 days ago

Does your property really double in value every 10yrs?

Matt from

“In 2012, the national average asking price for a home was less than half a million dollars at $447,040. We have seen this average increase steadily over the last ten years to reach just under $1 million in 2021.”

Average asking prices have more than doubled nationally and in 10 of 19 NZ regions in the last decade, according to the latest data from realestate.co.nz.

For homeowners who have not (theoretically) doubled their money, most have seen average asking prices in their regions get close, with more than 90% increases.

Vanessa Williams, spokesperson for realestate.co.nz says that property has long been considered a good investment, and the latest data has supported that theory.

In the last ten years, regional New Zealand small towns have seen the largest average asking price increases. With an increase of $361,441 or 282.1% in 10 years, mill-town Kawerau saw the most exponential average asking price growth.

To read the full report go to realestate.co.nz/blog
or your can contact me to talk real estate -0274951536

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More messages from your neighbours
1 day ago

Riddle Time! Sharpen Your Mind and Take the Challenge!

Riddler from The Neighbourly Riddler

Where is the only place where today comes before yesterday?

Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.

Want to stop seeing riddles in your newsfeed?
Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.

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9 hours ago

Lions Book Fair

Helen from Matua

You have donated them, we have sorted them and next week we’ll be ready for the sale. Great quality fiction & beautiful non fiction as well as a huge number of car magazines and car manuals.

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3 days ago

Poll: Is the increase in disability parking fines fair?

The Team from Neighbourly.co.nz

In October, the fine for parking in a designated mobility car park without a permit has jumped from $150 to $750—a 400% increase!

The goal is to keep these spaces open for those who truly need them. Do you think this big increase in the fine is fair? Share your thoughts below.

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Is the increase in disability parking fines fair?
  • 89.4% Yes, it's fair
    89.4% Complete
  • 9.8% No, it's unreasonable
    9.8% Complete
  • 0.8% Other - I'll share below
    0.8% Complete
2292 votes