Scoop has an Ethical Paywall
Provisional housing market update
Provisional housing market update
June 2014, Auckland and Northland
Press Release: Harcourts
3 June 2014
Provisional residential data from New Zealand’s largest real estate group Harcourts for the month of May shows house prices remain steady, with the average sales price now sitting at $688,209 in the Northern Region. This is up 11% on the same time last year.
Auctions continue to account for 40% of all listings, with vendors preferring to let the market determine a property’s value.
Listings are down 16.2% on the same time last year and written sales are also down 12.3% suggesting low stock levels are affecting sales.
With no solutions contained within National’s budget for first home buyers, Harcourts now looks to the Reserve Bank to drop loan to value restrictions and ease the burden on those wishing to enter the market.
Full statistical data from Harcourts for residential sales in the month of April will be available on 10 June.
ENDS
NZ On Air: Firm Audience Favourites Lead NZ On Air Non-Fiction Funding
Insurance and Financial Services Ombudsman: Woman Gets $40k More After Disputing Insurer’s Decision
BNZ: A Quarter Of Older NZers Fear Going Online Due To Scam Concerns
University of Auckland: Scientists Develop Tool To Monitor Coastal Erosion In Fine Detail
Oji Fibre Solutions: OjiFS Proposes To Discontinue Paper Production At Kinleith Mill
Hugh Grant: Navigating Digital Adoption In New Zealand - Embracing Change For A Bright Future
