Record low interest rates are seeing house sales sky rocket
Record low interest rates are seeing house sales sky rocket
3 February 2021
Stats NZ reports house transfers in Auckland increased by 53 per cent last December.
That's nearly six-thousand properties - up from three-thousand-861 - on the same time last year.
Nationwide house transfers rose 40 per cent, with more than 19-thousand homes trading hands.
One Roof Editor Owen Vaughan says the Reserve Bank's indicated it won't raise rates soon.
He says that's made people think now's the time to buy - because they won't need to pay much back to the bank.
© 2024 Newstalk ZB, NZCity