Housing figures paint a mixed picture
Monday 20 September 2004
The latest housing market figures continue to show a mixed picture with the national median house price slipping and the number of days it takes to sell a house creeping up but the number of sales rose.
By The Landlord
The median house price has slipped from a record $249,000 in July to $247,000 in August, Real Estate Institute figures show, although that was 14.9 percent higher than in August last year.
Institute president Howard Morley says there was increased demand for less expensive properties in August coupled with a slower market for more expensive properties so the figures don't necessarily add up to a slowing market.
"While the market appears to have retreated, it has to be considered that July saw a strong increase in the median especially because of a big jump in Auckland median prices.
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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 speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.