Auckland and Christchurch are experiencing prices increases in their residential property markets, caused by shortages in supply. The rest of New Zealand is experiencing stable pricing. This is a generalisation, but largely accurate.
Feilding’s median sale price calculated over 3 months is $247,000, and has stayed between $244,000 and $253,000 all year.
Palmerston North’s is at $268,600, and has stayed between $261,250 and $271,000 all year.
Levin sits at $172,000, Pahiatua at $127,750,Wanganui at $164,000 and Rangitikei at $155,000. Feilding has performed better than it’s neighbours over the last 20 years.
The median for NZ is $368,000, and that for Eastern Suburbs in Auckland is now $900,000! We are an affordable region of Godzone!
Kind regards, Michael