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Signs Indicate Slowdown In House Price Increases

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Hawke’s Bay has been flying high in the ranks of the New Zealand property market for the past few years, but there are signs things are starting to flatten out.

OneRoof’s June quarterly housing report shows most of the suburban areas of the twin cities making minimal to no increases to the median house prices in Hawke’s Bay since its last report back in March.

Some areas have even seen slight drops.

Napier overall saw no change whatsoever, still sitting at a median price of $495,000.

Photo: Over the past three years the median Hawke’s Bay house price has grown substantially, having increased by $145,000 from $290,000 to $435,000. Photo / Mark Mitchell

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Posted: 8 June 2019

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