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Business Scoop » Red Hot Market Driven By Ongoing Housing Shortage scoop.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scoop.co.nz Daily Mail and Mail on Sunday newspapers.
Tuesday, 15 June 2021, 11:20 am
“The market is still damn hot and will be until buyer
demand can be met,” says Derryn Mayne, Owner of Century 21
New Zealand.
Her
comments follow REINZ releasing its Monthly Property Report
for May which showed New Zealand’s real estate market
continues to see strong overall price growth despite recent
Government and Reserve Bank handbrake measures.
May
saw median house prices across New Zealand increase by 32.3%
to $820,000 in 12 months and up 1.9% since April. With REINZ
headlining ‘house price rises continue; Auckland hits new
record median price again’, five out of 16 regions reached
record median prices, with Auckland up 26.9% to
auckland scoop co nz » Red Hot Market Driven By Ongoing Housing Shortage scoop.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scoop.co.nz Daily Mail and Mail on Sunday newspapers.
Century 21 - Derryn Mayne in office. “The Government may have lifted the price caps in April, but it was too little then and they’re woefully inadequate now. In fact, the only ones seemingly benefitting are some opportunistic developers,” .