RNZ
The Government will announce initiatives designed to cool the property market and help first home buyers. (First published February 2, 2021)
Wellington’s house prices have continued to skyrocket, with first-home buyers struggling more than ever to “crack a property”. New data from the Real Estate Institute of New Zealand shows the median house price in Wellington city is up 35 per cent for the year ended February 2021, reaching $1.1 million. Porirua saw an even bigger increase, with median prices rising by more more than a quarter of million dollars ($273,000) to $980,000 in just one month.
ROSA WOODS/Stuff
House prices keep rising in Wellington.
The number of houses sold around the country is on the rise
The number of houses sold around the country is on the rise 11 March 2021
Residential property sales increased by 14.6 percent compared with the same time last year.
Chief Executive Bindi Norwell says there are a number of reasons - including emotional ones.
She says these include record low interest rates and the fact people want to get into the market before prices increase higher.
Press Release – REINZ Hawkes Bay is leading the property pack proving a post lockdown land of milk and money, continuing to outstrip the rest of the country with the highest annual growth rate in house price values. But experts warn an overheated market is fast …
Hawke’s Bay is leading the property ‘pack’ proving a post lockdown land of milk and money, continuing to outstrip the rest of the country with the highest annual growth rate in house price values. But experts warn an overheated market is fast drying up what’s being labelled a “chronic supply shortage.”
Coastal development Paoanui Point, Pourerere Beach, Hawke’s Bay
Friday, 19 February 2021, 8:35 am
Hawke’s Bay is leading the property ‘pack’ proving
a post lockdown land of milk and money, continuing to
outstrip the rest of the country with the highest annual
growth rate in house price values. But experts warn an
overheated market is fast drying up what’s being labelled
a “chronic supply shortage.”
Coastal development
Paoanui Point, Pourerere Beach, Hawke’s Bay
The
latest REINZ House Price Index figures reveals
Gisborne/Hawke’s Bay posted a 30.7% annual growth rate
increase in house prices, ahead of Manawatu/Wanganui and
Wellington with a 26.0% increase.
But REINZ Chief
Executive Bindi Norwell says overall, the total pool of