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Timaru District house prices reach record levels

People are panic buying homes as prices skyrocket around the world

People are panic buying homes as prices skyrocket around the world
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Early signs of change : Experts say house prices likely to slow despite bumper April sales

Home prices are skyrocketing around the world

Waikato house prices hit new record high of $730,000

“The supply chain, provision of properties, provision of land, local authority policies.” Falconer said the continuing upward trend of median prices “is starting to have an impact on first home buyers who are becoming increasingly priced out of the market”. “However, enquiry levels are still high and properties are selling at the fastest rate for an April month since 2005,” he said. “High sales volumes combined with low levels of new listings coming to the market have resulted in the Waikato region experiencing a fall in inventory, down 32.8 per cent annually, with just five weeks of property available to prospective purchasers.”

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