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Homeless for three weeks : Two-and-a-half month settlement too short to find another home, seller says Newshub 16 hrs ago Priscilla Dickinson © Getty Images. Homeowner and mortgage broker Campbell Hastie sold his Auckland home in February - but May 13 wasn t long enough to find another one. © Provided by Newshub
Homeless for three weeks after selling his Auckland home earlier this year, a mortgage broker says a two-and-a-half month settlement wasn’t long enough to find something to buy.
It comes as a shortage of property listings continues to push up house prices. The Real Estate Institute of New Zealand (REINZ) May property report shows the median selling price across New Zealand is up 32.3 percent year-on-year, acting CEO Wendy Alexander saying a lack of total housing supply is continuing to push up house prices .
Wrote a letter : Home-buyer reveals the one thing that made her offer stand out above others Newshub 2 hrs ago Priscilla Dickinson © Supplied. Homebuyer Eva Billing says this was going to be her last attempt to buy a home for a while.
A home-buyer is attributing a letter she penned to the property owner as the reason why her offer was accepted over two others, including one that was higher.
Her advice comes as rising house prices have made it difficult to get onto the property ladder despite recent changes under the Government housing announcement.
The nationwide median selling price reached $820,000 in May, up 32.3 percent year-on-year, according to the Real Estate Institute of New Zealand.