Posted on April 28th, 2014 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
The good news is 7,315 dwellings were sold last month, an increase of 19.4% on February but still 10% down when compared to March last year. A new national record high median price was reached at $440,000 – an increase of $44,000. Auckland and Canterbury/Westland recorded new high median prices of $637,000 and $401,000, respectively. […]
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Posted on April 22nd, 2014 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
By now, the majority of main banks have moved to increase mortgage rates in light of the official cash rate rise. Further interest rate hikes expected by the Reserve Bank of New Zealand this year. With some economists predicting floating mortgage rates will be up to, or just under, 7% by Christmas. What we can […]
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Posted on April 2nd, 2014 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
While new listings showed an increase from January levels, the number of new listings in February (12,167) was below predicted levels, with 7% lesser properties than February last year. Inventory levels of houses for sale fell in February. The number of available homes for sale on the market easing to 26 weeks of stock. This […]
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