A new challenger's taking on Auckland in the race for the most expensive properties. 

Trade Me data shows the Bay of Plenty's average asking price has dethroned Auckland's for the first time in 10 years. 

It's sitting on $963,000 - $11,000 above Auckland. 

But Opes Partners economist Ed McKnight says that doesn't translate to higher sale values. 

"The median sale price of a house in Auckland is still about $150,000 more than over in the Bay of Plenty."

LISTEN ABOVE

A new challenger's taking on Auckland in the race for the most expensive properties.&nbsp;
Trade Me data shows the Bay of Plenty's average asking price has dethroned Auckland's for the first time in 10 years.&nbsp;
It's sitting on $963,000 - $11,000 above Auckland.&nbsp;
But Opes Partners economist Ed McKnight says that doesn't translate to higher sale values.&nbsp;
"The median sale price of a house in Auckland is still about $150,000 more than over in the Bay of Plenty."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Ed McKnight: Opes Partners economist on the Bay of Plenty overtaking Auckland for most expensive properties

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/d7a900da-9365-43ab-ab84-b3d900586a9a/transcript