Marlborough Region Quarterly economic monitor - December 2019

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House prices

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Highlights for Marlborough Region

  • The average current house value in Marlborough Region was up 6.4% in December 2019 compared with a year earlier. Growth outperformed relative to New Zealand, where prices increased by 3.6%.
  • The average current house value was $489,193 in Marlborough Region over the December 2019 year. This compares with $699,954 in New Zealand.

National overview

House price growth picked up in the year to December 2019, up 3.6% higher than the year before. While the rest of the country grew steadily throughout the year, Auckland’s house price growth tipped back into positive territory in the final quarter, adding impetus to the national figure. While clouds of economic uncertainty hover over the business sector, low interest rates seem likely to spur on another strong year in the real estate market.