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Median house prices firmed slightly and sales volumes lifted across New Zealand during February as the market exited the holiday period, according to the latest figures released today by the Real Estate Institute of New Zealand (REINZ), source of the most recent, complete and accurate real estate data in New Zealand. Two of 12 regions …
Continue reading “New Zealand median house prices rise in February, says REINZ”
According to the Reserve Bank of New Zealand’s November Financial Stability Report, financial system continues to face housing risks in New Zealand. “House price inflation in Auckland has softened in recent months but it is uncertain whether this will be sustained. House price to income ratios in the region remain among the highest in the …
Continue reading “Housing risks continue for the New Zealand’s financial system, says RBNZ”
The annual value of building consents for new homes has reached NZ$10 billion for the first time, according to the figures from Statistics New Zealand. In the 12 months to August 2016, 29,627 new homes were consented, with a total estimated value of just over NZ$10 billion. The number increased 14 percent from the August …
Continue reading “Building consents reach highest level in New Zealand”
