Record breaking March for house sales

Mr. Woodley said, "Despite some market commentators predicting a downturn for the property market, March’s figures only reinforce our belief that the residential market is both stable and healthy. Certainly the level of activity recorded indicates that the New Zealand public still has an active interest in property, not just as a home, but also as an investment."

The March 2003 median compared with the February median of $195,000 and the March 2002 figure of $186,000 – an increase year-on-year of 7.52 per cent.

Read More - Opens in a new window