Auckland House Price Drop after Years of Buoyancy

In the past five years or so, Auckland’s property market has enjoyed what looked like one of the best runs in decades. Since the outset of 2018, however, the asking prices for homes in Auckland have been falling. In fact, in August, the average Auckland house price fell below $900,000 for the first time in nearly one year, which is sweet news to Auckland house buyers but a different story for homeowners.

Auckland House Price Correction

It can be quite frightening for a homeowner to see t...