Hawke’s Bay property in hot demand
The total number of views of Hawke’s Bay properties listed on Trade Me is up a 30 per cent on last year – the highest regional demand growth in the country.
March was a very strong month for property prices across New Zealand with every region experiencing an annual increase and seven regions reaching new records, according to the latest Trade Me Property Price Index.
“Growing demand for property in the Hawke’s Bay is pushing prices north and led to an annual increase of 5.2 per cent to $546,900,” says Nigel Jeffries, head of Trade Me Property.
Mr Jeffries said the number of properties available for sale in the region skyrocketed in March rising 35 per cent on the year prior.
Mr Jeffries said nationwide, the total number of views on property listings climbed 10 per cent on the year prior and this increased demand was pushing prices north.
"With interest rates at an all-time low and some predicting they could fall even lower, a growing number of Kiwis are looking at getting a foot on the property ladder."
The national average asking price climbed 6.2 per cent year-on-year to $676,150.
March was a solid month right across the country with Wellington ($656,100), Canterbury ($497,000), Bay of Plenty ($649,550), Manawatu/Whanganui ($371,700), Otago ($587,350), Southland ($320,700) and Waikato ($580,650) all hitting new records.
