There's no place like home

Wednesday 4 February 2004

Up, down, sideways or around - it seems the housing market is all over the place if reports released in the past week are anything to go by.

By The Landlord

Economists, property experts, bankers, boffins and number-crunchers splurged on reports big-time.

Out shot AMP's home affordability index late last week, telling us places were increasingly out of our reach. No news for hard-pressed house hunters, but cause for the owners of our 1.3 million homes and flats to feel even more sanguine.

If those living in our 359,000 rented houses and flats had set house buying as a New Year's resolution, they could ditch that and light up the fags they'd sworn to give up.

Read More - Opens in a new window
Commenting is closed

Property News

Weak sales, resilient prices

Auckland’s housing market saw another slump in sales volumes in May but prices are holding steady, according to the city’s largest real estate agency.

House Prices

House price drops are short-lived - Alexander

Periods of house price decline are rare and "short-lived", says economist Tony Alexander, amid forecasts of a drop of 10%-15% this year.

Commercial

Resilience needed in face of change

The Reserve Bank says the commercial property sector is vulnerable to the Covid-19 crisis. But PMG Funds' chief executive believes that while there’ll be short-term pain, the biggest long-term impact will be structural change.

Mortgages

Mortgage lending slumps to record low in April

Mortgage lending fell to its lowest level on record last month as the property market ground to a halt during the Covid-19 lockdown.

Site by PHP Developer