House of the rising sum: Turning tidy profit in just five months
Friday 2 January 2004
Auckland house prices went through the roof in 2003. In a series starting today we look at some of the spectacularly high risers.
By The LandlordIt took only five months for a stylish, two-storeyed Meadowbank townhouse to jump $100,000 in price.
A Russian couple who live in Siberia bought it for their son for $605,000 last July, on the day it went on the market.
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There’s been a rallying of the market with the latest REINZ data showing both sales volumes and median house prices noticeably up with the onset of Spring.
There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.
Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.
LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.