This month (May) there have been some green shoots of confidence starting to show as sales volumes, listings, sales by auction and sales price to valuation ratio all saw an uplift during the month.
Median price is as we expected – up (significantly) in some places, flat in others and down in other regions. New Zealand isn’t just one market, so we expect this volatility to continue – particularly in areas that are heavily reliant on tourism and with no signs on the horizon that the borders will be opening for international holiday makers any time soon. With more expats coming home we expect the top end of the market to hold up for now, but time will tell what impact this has on pricing overall.
Record median house prices for half of NZ according to REINZ August data Median house prices across New Zealand increased by 16.4% in August to $675,000, up from $580,000 in August 2019 and up from $659,000 in July (a 2.4% lift) and every region in the country … Read more
Money and the RBNZ printing presses – who wins? Tony Alexander shines a light on exactly why the printing presses at the RBNZ are hard at work and shows us who benefits. In this short article ” I show that most of the money “printed” by the Reserve … Read more
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