colinrealestate

The New Zealand economy accelerated going into the end of 2012. Construction volume’s rose by 10% in December after following a steady increase in building consents through the middle and last quarter of last year.

The real estate activity continues to pick up as house prices continue to increase on the back of a deficit of supply.

The OCR has not changed and interest rates have remained steady, however watch for any upward movement on the fixed borrowing rates and this is an early indicator of interest rises.

Migration trends in New Zealand are indicating a mild upward trend. The data from statistics New Zealand indicate there was a net loss to our population from permanent to long term migration flow in December of 582 people. This is 402 fewer than in December 2011. The loss for 2012 was 1,165 people, whereas 2011 was a net loss of $1,855.

Filed under: REAL ESTATE | Tagged: Real Estate