Property

Property prices defy predictions

Property prices in Canterbury and Westland leapt last month in defiance of the forecast slow-down in the real estate market.

Tuesday, March 23rd 2004

Figures released yesterday by the New Zealand Real Estate Institute show the median house price in the region rose from $185,000 in January to $200,000 in February – the most noticeable rise in the country.

Nationally, the national median selling price rose from $227,750 in January to $231,000 in February, with rises recorded in six regions and falls in four.

Sales rose from 8404 to 9940. Although a rise compared with the quieter holiday period might be expected, sales were also up on the 9624 recorded in February 2003.

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Property investors refocus on cash flow

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
ANZ Special	4.49
SBS Bank Special	4.49
Unity 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
Unity Standard	5.79
Unity Special	5.79

Property

Property prices defy predictions

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