In May the level rose in properties coming onto the market by 5.9%, however it is still down by 7.2% on last year. In the last 12 months, 131,053 new listings have come onto the market up 1%, REINZ reports sales up 17% on the same 12 month comparison. The inventory of unsold houses on […]
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Seasonally truncated mean asking price rose 4.3% from May 2012. For those of you interested in statistics, there has been a lot written recently regarding the accuracy of the mean pricing as a true indication as to the state of the housing market and prices. A truncated mean is considered a more accurate measure than […]
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The message is loud and clear buyers are still out there and very keen to have a home. The lack of supply and high asking prices continues to drive seller’s expectations and confidence when selling. This rise in asking price is now not isolated to Auckland and Christchurch, which to be honest we had become […]
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1. Record House Prices- in May $454K 2. Historic Low Interest rates 3. Official Cash Rate (OCR)- Not expected to rise until next year 4. Mortgage Approvals – Bank approvals are up 13% on same time last year 5. Immigration neutral – Fewer Kiwis leaving for Australia 6. Building Consent – Increased strength in construction […]
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