The average asking price for New Zealand properties for sale jumped significantly in September, signalling that seller confidence is continuing to grow as the traditional Spring surge of new listings arrived on the market.

Data released today by the Real Estate Institute of NZ ("REINZ") shows there was a pull back in the of number rural sales across New Zealand in three months to July 2011.

BNZ/REINZ Residential Market Survey results:

Barfoot & Thompson Auckland housing market data for July have just been released.

Key data (all seasonally adjusted)

- Turnover fell 3.3% from the prior month, but is up 22% on the level recorded last July.

Data released today by the Real Estate Institute of NZ ("REINZ") shows there was a further improvement in the number of rural sales across New Zealand in the three months to June 2011.

Owners of leaky homes can get their homes fixed faster following the third reading of the Weathertight Homes Resolution Services (Financial Assistance Package) Bill in Parliament today, Building and Construction Minister Maurice Williamson says.

Property investors take note - owning a holiday rental shouldn't be stressful!

Brand new to the Queenstown market, Relax away holiday homes are committed to bringing holiday home owners professional property management and marketing services with the personal touch.

- Barfoot and Thompson Auckland house sales data for June has just been released.

- Housing turnover remained steady from May.

- Falling housing inventory points to rising Auckland house prices in coming months.

Comment

Houses at the lower end of the market are currently selling the quickest across New Zealand as buyers take advantage of attractive interest rates, according to First National's monthly residential property survey.

Inventory of homes approaches long term average for first time since 2009

Auckland - Stocks of homes for sale in New Zealand have fallen sharply again, turning the national property market in favour of sellers.