REINZ House Prices – Down:
\nREINZ’s sales in March were down 10% on the same month the year before.<\/p>\n
Interest Rates \u2013 Up:
\nInterest rates are creeping up.<\/p>\n
OCR \u2013 Up:
\nIncreases are expected at many, if not all, of the OCR announcements this year.<\/p>\n
Immigration \u2013 Up:
\nMigration is at a 10 year high as more people move to NZ and fewer leave.<\/p>\n
Building Consents \u2013 Neutral:
\nThe 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.<\/p>\n
Mortgage Approvals \u2013 Neutral:
\nMortgage approval numbers are still down on the same time a year before, but not as sharply as they were earlier in the year.<\/p>\n
Rents \u2013 Up:
\nAuckland’s rental inflation has increased to a 22mth high of 5.3%pa.<\/p>\n","protected":false},"excerpt":{"rendered":"
REINZ House Prices – Down: REINZ’s sales in March were down 10% on the same month the year before. Interest Rates \u2013 Up: Interest rates are creeping up. OCR \u2013 Up: Increases are expected at many, if not all, of the OCR announcements this year. Immigration \u2013 Up: Migration is at a 10 year high […]<\/p>\n","protected":false},"author":1116,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"WHAT'S DRIVING HOUSE PRICES - colinrealestate","description":"REINZ House Prices - Down: REINZ's sales in March were down 10% on the same month the year before. Interest Rates \u2013 Up: Interest rates are creeping up. OCR \u2013 Up"},"footnotes":""},"categories":[5532],"tags":[],"class_list":["post-590","post","type-post","status-publish","format-standard","hentry","category-real-estate-2"],"_links":{"self":[{"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/users\/1116"}],"replies":[{"embeddable":true,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=590"}],"version-history":[{"count":2,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/590\/revisions"}],"predecessor-version":[{"id":594,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/590\/revisions\/594"}],"wp:attachment":[{"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}