The average Auckland price was $1.42m, with Tauranga and Wellington the next most expensive at $1,139,186 and $1,125,729 respectively.īellew said he sold a property on Christmas Eve to a retired couple from Mt Maunganui who were relocating to Invercargill despite also never previously visiting the city. Property data company CoreLogic's House Price Index says New Zealand finished 2021 with an average price at $1,006,632 and record-breaking annual growth of 27.4 percent. Southland Real Estate agent Sean Bellew, who has been in the real estate industry for 32 years, said genuine interest has ramped up from people wanting to relocate to Invercargill, given New Zealand’s average house price had tipped over the $1 million mark for the first time. Jonathan and Rebecca Haste at their new home in Invercargill. Instead, they took a virtual tour of the property through a real estate agent and got a builder to provide a report. They snapped up the home without visiting it in person. They have bought a house in the suburb of Grasmere for just over $400,000. Haste, who works in information technology, and his wife in the education sector, have both been able to secure work in Invercargill. “I think every New Zealander wants to buy a house, don’t they? The reality is I either move somewhere I can buy a house or I stay somewhere and be miserable wishing I could own a house.” On Monday, Real Estate Institute of New Zealand (REINZ) released figures which showed a record 21.3 percent median house price for Southland, from $375,000 in December 2020 to $455,000 in December 2021.Įven so, Haste said Invercargill still stuck out in their search for an affordable place to buy. * Want an 'average' NZ home? You'll need $1 million * Auckland landlord ups rent $50 to $900 per week due to 'overwhelming response'
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