Housing market still strong

Firstly, Quotable Value says its house price index jumped 21.9% in 2003, the highest annual growth in the 13 years it has been producing the index.

Secondly, Statistics New Zealand says housing consents jumped 11.1% in January from December in seasonally adjusted terms and were 16% higher than in January last year.

While recent Real Estate Institute’s figures are showing a slowdown in the median house price, Quotable Value says it’s index showed continued growth in the December quarter, up 4.9% after a 7.3% increase in the September quarter.

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