“It’s such a hot market that there s no waiting around.” Boderick said there was a lot of interest in their house as soon as it popped up on the market. “We were getting 19-20 people through each weekend and all our offers were from people cashed-up and out of town.” Masterton real estate agent Prue Hamill of Harcourts Hamill Realty said there were a variety of reasons why the district’s prices were so hot right now. “It comes down to supply and demand. We were 58 per cent down in listing in December year-on-year with so many more buyers.”
Air New Zealand’s very first quarantine-free flight from Rarotonga, NZ941, is now on its way to New Zealand, having departed at 7:45 am local time. The flight is due to land at 11:10am NZT today at Auckland International Airport. Air New Zealand .
“This reached a climax at the end of 2020, with double-digit percentage increases every month since September.” The data also showed that demand nationwide was up by 15 per cent year-on-year in December, while supply was down by 9 per cent. Mudge said this told the same story they have seen for the last 12 months: “Demand is up and supply is down and as long as this picture remains prices will continue to skyrocket.”
123RF
Gisborne saw the biggest growth in house prices in 2020, with a 31.6 per cent annual increase. However, while every region saw strong year-on-year price growth and nine had double-digit increases, some turned in particularly significant growth.
Property prices experienced their hottest month on record in December, with record highs in every region, according to the latest Trade Me Property Price Index.\ Trade Me Property spokesperson Logan Mudge said the property market ended the year with .