Property

NZ house prices high on world stage

Although latest figures showed our house prices had turned the corner, New Zealand is still towards the head of the field on a world stage according to the latest issue of The Economist.

Sunday, September 19th 2004

The magazine pegs us high globally, having the world's third fastest house price rises behind Hong Kong and South Africa but the figures used are a comparison of historical data towards the peak of the boom and not the latest.

Using Quotable Value data, the magazine calculated that our houses rose in price 22.1 per cent between the second quarter of last year and this year's second quarter, just behind Hong Kong with a 28.7 per cent rise and South Africa with a 25.5 per cent rise.

But the London-headquartered magazine's numbers were somewhat behind the latest figures to be issued here on Thursday by the Real Estate Institute.

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[OPINION] Recessionary times

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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
TSB Special	6.75
Westpac Special	6.75
China Construction Bank	6.75
ASB Bank	6.75
ICBC	6.75
AIA - Go Home Loans	6.75
Kiwibank Special	6.79
Co-operative Bank - Owner Occ	6.79
ANZ Special	6.79

ASB Bank	6.39
Westpac Special	6.39
AIA - Go Home Loans	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
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