FACTORS DRIVING HOUSE PRICES

REINZ House Sales – Up: Sales lifted 2.6% in September after a 3.3% drop in August Interest Rates – Up: Short term rates are cheap but anything longer than 3 years is becoming more expensive. OCR – Up: No sign of a OCR increase yet. It’s widely predicted for March 2014. Immigration – Up: The […]

NZ POPULATION INCREASES.

NZ population has grown by 5.3% to 4,242,048 according to the NZ Statistics. Some regions had surprising gains while others reduced. Auckland is the fastest growing region with a population in 2012 of 1,425,550, an increase of 110,592, since the last census in 2006. Nelson took out second fastes growing region with a 8.35 increase […]

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