Housing shows statistical glitch
Monday 26 January 2004
Further proof the housing market is easing comes in the latest REINZ monthly statistics.
By The LandlordCrunching the numbers shows the national median sales price dropped from $235,000 in November to $229,000 in December last year.
But Graeme Woodley, REINZ national president, says the institute doesn't believe there has been any wholesale weakening in the housing market and January's figures will show the traditional resurgence.
Read More - Opens in a new window
Commenting is closed
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.