Asking prices rose to a new high of $445,529 for residential properties, up 4% in the last month and 5% compared to a year ago. While there is a significant rise in new listings, the market still favours sellers. Stock of unsold houses rose slightly to 33.1 weeks of stock; however, this is still down […]
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Across the country the BNZ Confidence Survey 2012 found a firm lift in business confidence, this is the highest level since July 2011. The sector providing the strongest confidence is the real estate sector. The continuing shortage in listings is driving prices up across the country, particularly in Christchurch and Auckland. – BNZ Weekly Overview […]
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While our economy has only grown by 2% over the last year, this is a reasonable result when compared to many other economies. Our export commodity prices have risen, interest rates look to remain low and our government debt is low. “Overall, during a time of major worries overseas, we are looking good” stated the […]
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