Housing prices ready to cool as immigration slows

Thursday 5 February 2004

Booming house prices are poised to come off the boil as the influx of migrants continues to ease, although investors are still priming a strong residential property market.

By The Landlord

This should bring house-price inflation - now running at almost 20 per cent - back into single-figure territory before the year is out.

December saw a net increase of just 1600 permanent and long-term migrants, down from 2200 in November. These figures count newcomers intending to stay for at least a year, and expatriates aiming to settle back here, minus long-term departures.

Read More - Opens in a new window
Commenting is closed

Property News

Major industrial development powers on

It’s full steam ahead for the Stevenson Group’s $800 million, 361-hectare industrial and residential development in South Auckland – despite the uncertainties of the post-Covid-19 era.

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.


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.


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