Property market bounces back

After a slow start to spring, the property market bounced back in October with the national average asking price climbing 2.7% on last month to $623,700, the latest Trade Me Property Price Index reveals.

Head of Trade Me Property Nigel Jeffries said after five months of slow movement and low stock, the market has finally sprung back into action. “It’s early days but it seems that Spring has finally arrived for the New Zealand property market.

After a slow start to spring, the property market bounced back in October with the national average asking price climbing 2.7% on last month to $623,700, the latest Trade Me Property Price Index reveals.

Head of Trade Me Property Nigel Jeffries said after five months of slow movement and low stock, the market has finally sprung back into action. “It’s early days but it seems that Spring has finally arrived for the New Zealand property market.

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