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Signs of cooling in Hamilton s housing market

Their findings were echoed by Bayleys Hamilton branch manager Mike Gascoigne. “We’ve certainly seen a little bit of a slowdown over the last six to eight weeks,” he said. Gascoigne said that for a long period of time, they would see as many as six people battling for a property at auction. Now he said it’s three people at most. “The way the market was going at the time was unsustainable, we’re not surprised by a bit of a slowdown,” he said. In fact Gascoigne said he was still seeing investors active in the market “and hindering first time buyers”.

Tauranga house prices reach record $937,000, Rotorua $630,000

Tauranga house prices reach record $937,000, Rotorua $630,000
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Tauranga house prices reach record $937,000, Rotorua $630,000

Tauranga house prices reach record $937,000, Rotorua $630,000 16 May, 2021 06:00 PM 6 minutes to read Is the boiling property market starting to simmer? Photo / File Tauranga and Rotorua are topping the charts with more property sales than any other district in the region for the past few months. But is the boiling property market starting to simmer down? Bay of Plenty agents say although multi-offers and low-interest rates still exist the rush to buy property is easing and there was definitely a change in the air . As listings tighten people were waiting to list their properties until they could buy one to move into.

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