colinrealestate

REINZ House Prices – Down:
REINZ’s sales in March were down 10% on the same month the year before.

Interest Rates – Up:
Interest rates are creeping up.

OCR – Up:
Increases are expected at many, if not all, of the OCR announcements this year.

Immigration – Up:
Migration is at a 10 year high as more people move to NZ and fewer leave.

Building Consents – Neutral:
The trend of new houses has been increasing for almost 3 years but many centres have a way to go to make up for under-building.

Mortgage Approvals – Neutral:
Mortgage approval numbers are still down on the same time a year before, but not as sharply as they were earlier in the year.

Rents – Up:
Auckland’s rental inflation has increased to a 22mth high of 5.3%pa.

Filed under: REAL ESTATE