Property Boom Shows Signs Of Easing
Monday 26 January 2004
There are fresh warning signs the property market could be about to come off the boil.
By The LandlordIt became harder to buy a house in the three months to December.
A quarterly survey by AMP shows homes were almost six percent less affordable, as rising prices outstripped any increase in salary.
AMP says the outlook for housing this year is uncertain, despite low interest rates.
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Central and local government and industry must work together to ensure that the Government’s proposed new urban development strategy is successful.
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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.