New record set for Auckland apartment asking prices

New data has been released on Auckland apartments. Photo / NZME

Auckland apartment prices have hit an all-time high, up almost 32 per cent in a year.

Data from realestate.co.nz out this morning showed a new average asking price of $660,000 for Auckland apartments, up 31.5 per cent since November last year and almost twice as much as the price rise for Auckland houses, which rose 16.8 per cent annually.

Brendon Skipper, realestate.co.nz chief executive, said prices had been rising steadily since 2013.

"We've seen the asking price of apartments in Auckland increase strongly and steadily over the last 24 months. This has driven the national average, which has now breached the $600,000 mark for the first time, only eight months after the national average asking price for apartments first broke the $500,000 barrier in March," Skipper said.

Auckland dominates the apartment market, accounting for 71.9 per cent of all national apartment listings in New Zealand.

Asking prices for houses reached an all-time high in the Waikato, Bay of Plenty and Coromandel regions.

The Waikato hit $413,067, up from $403,640 in August this year, the Bay of Plenty hit $487,025 up from $481,730 in October and in the Coromandel hit $554,303, up from $539,597 in September.

All these areas are "within striking distance of Auckland", Skipper noted.

QV, one of the highest regarded sources for property values, is releasing its data set on house prices at noon.