Peter Thompson: Barfoot & Thompson Managing Director on Auckland house prices rising in July - The Mike Hosking Breakfast

Auckland house prices have held firm through a busy July. 

Real estate agency Barfoot & Thompson's revealed it sold 957 properties across the Auckland region last month – its highest July total in four years. 

More than 46% of sales sat at more than a million dollars and new listings rose more than 14%. 

Managing Director Peter Thompson says the market's holding steady and is ready to take-off when interest rates come down further. 

He told Mike Hosking things are starting to move again with more first-time home buyers entering the market and more activity from developers as a result of the fast track legislation.  

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