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Pushing up the national average price

Pushing up the national average price


The main centres used to drive New Zealand’s market but it was strong provincial markets that contributed to the national average asking price’s rise in July.

Realestate.co.nz’s latest data shows the national average asking price was up by 1.6% to $669,941 in July, as compared to June 2019.

Provincial markets played a major part in the increase with four regions seeing all-time asking prices highs in July.

First among those regions was Taranaki, with an average asking price of $475,424 in July, which is up 11.6% on June.

At the same time, Taranaki is seeing its new listings dry up.

Realestate.co.nz spokesperson Vanessa Taylor says that for two months in a row, new listings have been scarce in the region.

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