With Hawke’s Bay acting as a “magnet” for first-home buyers, sellers are being more realistic about how much they can bank when selling to newbies.
Research conducted by OneRoof showed prices at the very top end of the market remained down on last year.
For the 12 months to the end of August, the highest sale price achieved for a Hawke’s Bay property was $2.8m for a property on Te Roera Dr in Taradale. That was well below the top price of 2017, which hit $3.2m for a house on Waimarama Rd in Central Hawke’s Bay.
However, OneRoof editor Owen Vaughan said median values of all properties in Napier had risen.
Photo: Property Brokers regional manager Guy Mordaunt waits for a bid at auction. Photo / Paul Taylor.
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Posted: 6 December 2018