Property Management

House prices rise 20% in a year

The threat of rising interest rates (and an actual increase from Westpac Bank) failed to take any of the steam out of the housing market in November when the national median house price hit yet another record, although the number of sales dipped slightly to a still high level.

Thursday, December 18th 2003

The national median house price rose from $227,000 in October to $235,000 which was a massive 20.5% higher than the $195,000 median price in November last year.

Real Estate Institute president Graeme Woodley doesn't think rising rates will affect the market much while immigration and a housing shortage in some places continue to support prices.

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Unity First Home Buyer special	3.99
SBS FirstHome Combo	3.99
ICBC	4.25
TSB Special	4.39
Co-operative Bank - First Home Special	4.39
SBS Bank Special	4.49
Unity Special	4.49
ANZ Special	4.49
Westpac Special	4.49
Kiwibank Special	4.49
Co-operative Bank - Owner Occ	4.49

Kainga Ora	4.49
ICBC	4.59
Nelson Building Society	4.67
Unity Special	4.69
ANZ Special	4.69
BNZ - Std	4.69
Wairarapa Building Society	4.79
Westpac Special	4.89
SBS Bank Special	4.89
Kiwibank Special	4.89
Co-operative Bank - Owner Occ	4.89

ICBC	4.99
Kainga Ora	5.15
Westpac Special	5.49
ASB Bank	5.69
TSB Special	5.69
BNZ - Std	5.69
SBS Bank Special	5.69
Co-operative Bank - Owner Occ	5.69
AIA - Go Home Loans	5.69
Kiwibank Special	5.79
China Construction Bank	5.99

SBS FirstHome Combo	3.29
AIA - Back My Build	3.34
SBS Construction lending for FHB	3.74
CFML 321 Loans	3.95
Co-operative Bank - Owner Occ	4.99
Co-operative Bank - Standard	4.99
Heartland Bank - Online	5.30
ICBC	5.39
Kiwibank - Offset	5.65
Kiwibank	5.65
Kainga Ora	5.69

Property Management

House prices rise 20% in a year

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