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Thursday, 18 February 2021, 7:33 am
New Zealand’s national average asking price reached an
all-time high for the fifth month in a row in January after
experiencing the largest annual percentage increase on
record, according to the latest Trade Me Property Price
Index.
Trade Me Property Sales Director Gavin Lloyd
said the national average asking price had grown by 15 per
cent when compared with January 2020 to $769,000, the
biggest year-on-year percentage increase on record. “We
haven’t seen a record-breaking streak like this before,
with the property market showing no sign of slowing
down.
“While this is great news for homeowners, it
will be hard to hear for prospective buyers. Particularly
Thursday, 28 January 2021, 7:25 am
Despite a tumultuous year, the national rental market
finished 2020 as strong as it started, according to the
latest Trade Me Rental Price Index.
Trade Me Property
spokesperson Logan Mudge said the national median weekly
rent increased by 4 per cent when compared with December
2019 to $520. “Summer is typically when we see the rental
market peak, and last month was no
exception.
“December marks the third month we saw
rents increase by 4 per cent in a row, with October and
November national averages up by the same amount when
compared with 2019.
“Despite the turbulence and
uncertainty COVID-19 presented every part of New Zealand
Jonah
Lomu’s former Maupuia mansion
New
Zealand’s most photogenic
church
Arnold,
Wellington’s air traffic control
tower
Trade Me’s Millie Silvester
said Kiwis are keen property lovers and every year unique
properties or million-dollar mansions take out the top spots
for the most viewed properties of the year.
“Jonah
Lomu’s former Maupuia mansion was our most viewed property
of 2020 with 196,000 views. The five-bedroom
Mediterranean-style house with expansive views of Wellington
harbour has an RV of $2.4 million and is still
listed onsite for those who haven’t yet seen
it.”
Ms Silvester said the list wouldn’t be