Gisborne breaks $800k average asking price<\/p>\n
The national average asking price held steady at $862,652, up 1.7% on a year earlier.<\/p>\n
Gisborne bucked the trend with a 23.2% annual increase to reach an average asking price of $815,203 \u2014 its first time in the $800,000 bracket.<\/p>\n
Six regions saw both annual and monthly asking price growth in August: Bay of Plenty, Coromandel, Gisborne, Manawatu\/Whanganui, Northland, and Taranaki.<\/p>\n
By contrast, Central North Island, Hawke\u2019s Bay, and Otago recorded both monthly and annual declines, with Otago slipping under $600,000 for the first time since December 2024.<\/p>\n
\u201cNationally, prices are steady, but seeing regions like Gisborne hit an all-time-high shows there\u2019s still upward pressure in parts of the market,\u201d Wood said. \u201cAt the same time, Otago dropping out of the $600,000 bracket reminds us how localised movements can be.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Gisborne breaks $800k average asking price The national average asking price held steady at $862,652, up 1.7% on…\n","protected":false},"author":2,"featured_media":111365,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[79599,64,63,99,49395,171,4686],"class_list":["post-111364","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-asking-price","tag-au","tag-australia","tag-business","tag-listings","tag-markets","tag-property"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/111364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=111364"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/111364\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/111365"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=111364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=111364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=111364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}