What is driving house prices ?
Posted on June 12th, 2013 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
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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