Property

Housing market continues upward trend

A housing market that refuses to slow down has confounded the real estate industry, as the latest residential price movement survey shows a relentless rise in house values.

Wednesday, August 10th 2005

For the year to July, houses increased on average 14.3 per cent, up 0.1 per cent from the increase in the 12 months to June.

Quotable Value spokesman Blue Hancock said the pattern of the previous few months had been seen again in July, with regional areas the strongest performers, main centres exhibiting slower growth and previous boom regions such as Nelson and Tasman static.

Hamilton values increased by 24.8 per cent while Dunedin values grew by 21.4 per cent. New Plymouth at 35.4 per cent, Gisborne with 28.9 per cent and Whangarei on 25.2 per cent were other strong performing areas.

"(The slowdown) is just not a happening thing, and I think it's confounding all of us. We're putting it down to the strength of the economy."

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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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