Property

Housing boom not over yet: Trass

The housing market still has some way to go before the current boom is over, according to Kieran Trass at Hybrid Consulting.

Monday, April 05th 2004

"I don’t see values dropping. In fact, they seem to be strengthening," Trass says, adding that he expects the next lot of figures from Quotable Value should confirm that.

Quotable Value’s latest figures showed its house price index jumped 21.9% in 2003, although it slowed to a 4.9% increase in the December quarter compared with the September quarter’s 7.3% increase.

As well, listings are increasing and sales volumes remain strong. "A lot of investors are still keen to buy, although it’s getting very difficult to buy cash-flow positive properties," he says. "At the end of a boom, there are always a lot of naïve investors who are prepared to forego cash flow for their expected capital gain."

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Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
China Construction Bank 6.75
TSB Special 6.75
ICBC 6.75
ANZ Special 6.79
ASB Bank 6.79
AIA - Go Home Loans 6.79
Kiwibank Special 6.79
BNZ - Classic 6.79
Unity 6.79
Westpac Special 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
ASB Bank 6.55
AIA - Go Home Loans 6.55
TSB Special 6.59
Kainga Ora 6.99
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

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