"Auckland continues to dominate the real estate market in terms of price movements. The strong price movements in Auckland, particularly on the North Shore and in Rodney, continue to be driven by high demand from all types of property buyers and from a lack of sufficient new supply - both new builds and listings of existing properties," Milne says. "New builds take time to be completed. Meanwhile the very low level of new listings suggests that potential vendors are considering factors other than just price in making the decision whether to sell their properties," she said.
However other areas had seen price rises too, she said, citing Northland, Hawkes Bay and Central Otago Lakes, Waikato/Bay of Plenty, Otago and Taranaki, she said.
