16 Jan 2024

Levelling out of housing market expected

From Morning Report, 8:24 am on 16 January 2024

The real estate industry is expecting the market to level out this year, with just a small increase expected in house prices.

The latest QV House Price Index shows the average value increased across all of the main urban centres - but at subdued levels.

A mans hand holds NZ dollar bills against a front of a traditional villa house in Auckland, New Zealand. Buy, sale, real estate, insurance, mortgage, bank loans and housing market concept.

Photo: 123RF

Nationally, the average value rose 0.6 percent in the December quarter bringing it to $905,070.

Krystal Gibbens reports.