Does your property really double in value every 10yrs?
“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
🧩😏 Riddle me this, Neighbours…
I am an odd number. Take away a letter and I become even. What number am I?
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Sporting the bright purple and orange campaign shirts, these wonderful walkers hit the Auckland waterfront and marched from Mission Bay to Kohimarama, raising awareness for bowel cancer and the importance of early detection along the way.
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