What a surprise - the national median price is now $337,500 and if house prices fall again in March, then we will see house prices move into a negative annual percentage (according to REINZ).
Also an average of 50 days to sell a home in February, compared to February last year.
Wednesday, March 12, 2008
Monday, March 3, 2008
PM says property crash unlikely
Stuff reports that despite recent figures from REINZ pointing to a down-turn in the New Zealand property market, the PM says this contradicts the advice to her from Treasury briefing papers.
Propery sales were at their lowest point for seven years last month, and days to sell have climbed over the 50-day mark, and the median price has dropped $5 000 in the last month.
Helen Clark is saying a fall of 30%, as some are picking, is very, very unlikely.
Read the full article here.
Propery sales were at their lowest point for seven years last month, and days to sell have climbed over the 50-day mark, and the median price has dropped $5 000 in the last month.
Helen Clark is saying a fall of 30%, as some are picking, is very, very unlikely.
Read the full article here.
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