NZ residential market awaken from winter slumber

Wednesday 24 November 2004

Spring has arrived early for the New Zealand residential property market in October with increased sales and a new record national median selling price, according to the Real Estate Institute of New Zealand.

By The Landlord

REINZ national president Howard Morley said the national median selling price in October was $252,500, an increase from the September record of $250,000.

REINZ sales figure show both sales and median days to sell improved with sales up from 7,854 in September to 8,191 in October, and median days to sell down from 31 to 30 in October.

The four largest regions, Auckland, Waikato/Bay of Plenty/Gisborne, Wellington and Canterbury/Westland all recorded increased median selling prices.


Around the country eight regions recorded an increase in the medians while three decreased.

Read More - Opens in a new window
Commenting is closed

House Prices

No stopping Capital price rises

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.

Commercial

NZ proptech start-up scores major investor

Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.

Mortgages

LVR limits slow down investors

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.

Site by PHP Developer