Property Management

Slowdown in house prices

Number of properties worth more than $600,000 has fallen; Real Estate Institute says gloomy predictions may be to blame

Friday, February 20th 2004

There has been a big drop in the sale of higher-priced homes around the country.

The number of property sales worth more than $600,000 fell from 507 in December to 270 in January.

Sales of properties from $400,000-$600,000 dropped by a third.

In the major metropolitan areas, house sales in Auckland city are down from $396,750 in December to $364,000 in January, while metropolitan Auckland prices have fallen from $331,500 to $319,000. However, North Shore prices increased from $352,000 in December to $360,000 in January.

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Unity First Home Buyer special	3.99
SBS FirstHome Combo	3.99
TSB Special	4.39
Co-operative Bank - First Home Special	4.39
ICBC	4.39
SBS Bank Special	4.49
Unity Special	4.49
ANZ Special	4.49
Westpac Special	4.49
Kiwibank Special	4.49
Co-operative Bank - Owner Occ	4.49

ICBC	4.59
ANZ Special	4.69
TSB Special	4.69
BNZ - Std	4.69
Wairarapa Building Society	4.79
Nelson Building Society	4.87
Westpac Special	4.89
Co-operative Bank - Owner Occ	4.89
Kiwibank Special	4.89
SBS Bank Special	4.89
Unity Special	4.89

ICBC	5.19
Westpac Special	5.29
TSB Special	5.29
BNZ - Std	5.29
SBS Bank Special	5.69
Co-operative Bank - Owner Occ	5.69
Kainga Ora	5.69
ASB Bank	5.69
AIA - Go Home Loans	5.69
Kiwibank Special	5.79
Westpac	5.89

SBS FirstHome Combo	3.29
AIA - Back My Build	3.34
SBS Construction lending for FHB	3.74
CFML 321 Loans	3.95
Co-operative Bank - Owner Occ	4.99
Co-operative Bank - Standard	4.99
Heartland Bank - Online	5.30
ICBC	5.39
Kiwibank - Offset	5.65
Kiwibank	5.75
Unity Standard	5.79

Property Management

Slowdown in house prices

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