Auckland house prices rise to record
A REAL estate firm says Auckland house prices may have surged because of buyers getting in ahead of new regulations to cool the market.
AUCKLAND house prices have risen to a record in an unseasonably busy September as buyers sought properties ahead of new regulations aimed at cooling the market, according to the city's largest realtor.
THE average sale price increased 1.9 per cent to $NZ836,275 ($A767,119) in September from a month earlier for an annual rise of 13 per cent, and the median sales price advanced 4.6 per cent to $NZ790,000 for a 24 per cent yearly increase, Barfoot & Thompson said in a statement.
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