Average prices in the provincial South Island continue to track upwards, reaching an all-time high of $429,435.
This is not far below the average price in Christchurch, which is sitting at $498,370. It is also an 8% jump on the same time last year.
The Harcourts Foundation, the charitable arm of Harcourts, has reached the milestone of $5 million raised since its launch in 2008. That translates to 686 charities supported, 311 communities impacted and 851 grants made through Harcourts offices in New Zealand, Australia, and South Africa.
Across New Zealand, new listings were down in August by over 21% compared to the previous year.
However, this is to be expected in the month leading up to an election, with listings generally down by around 20% before we go to the polls.
A month out from the election and the expected slowing of the property market is very evident in Christchurch.
As is the case around the rest of the country, the property market has dipped in the provincial South Island in the lead up to the election.