Auckland residential property prices have doubled every nine years since 1954
Posted by Steve Koerber on January 19, 2008
Every year since 1954, Barfoot & Thompson, Auckland’s oldest and largest real estate company, has recorded the annual average sale price of residential property in Auckland.
View graph here: Auckland residential property is a proven performer
Have a look at the attached graph that shows the rise and rise of Auckland prices. It is quite remarkable. Over the last 53 years only a handful of years were negative. Most years saw positive growth. According to these numbers, residential property has doubled in value about every nine years.
This entry was posted on January 19, 2008 at 3:50 pm and is filed under Barfoot & Thompson, Buying a home, Remuera Sales Statistics, Selling your home. Tagged: capital gain, investment, property prices, property values. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
