Lie given to housing slowdown notions
Tuesday 20 April 2004
The latest housing sales figures appear to put paid to any notion that the housing market may be cooling.
By The LandlordThe national median house price struck a new record at $240,500 in March as the number of houses sold that month leapt to 11,371 from 9,940 in February, the latest Real Estate Institute figures show. That compares with 10,747 houses sold in March last year.
The median house price compares with $231,000 in February and the previous record struck in November of $235,000 and with the $200,000 price in March last year. That makes the annual price increase a whopping 20.25% increase.
Other figures released on Monday showed the overall inflation rate in the year ended March was just 1.5%.
Read More - Opens in a new window
Commenting is closed
There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.
Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.
LVR restrictions were never meant to be a permanent feature of New Zealand’s housing market and ANZ economists argue that some further relaxing of them could soon be on the cards.