House advertisements should have a mandatory price indication to limit buyer frustration, a property analyst says.
QV figures show the average Auckland house price is $930,000, with the median rent also hitting a new high of more than $500 a week.
But there are signs the Auckland market may be cooling, with auction sales slowing and more ads including price guides.
Auckland analyst and investor Olly Newland told Morning Report a price guide should be required, either by law or by the real estate industry.
"People are pretty fed up with this 'by negotiation' and when you see a price on a property, at least you know where you're going and can start negotiating properly," he said.
"It's always been a bugbear of mine that there's no price guide at all. In my view it should be a compulsory price guide."
A lack of supply was still the main driver of house price increases in Auckland, Mr Newland said.
