New Zealand's property market is slowing -- but it may get a small jolt once we're all out of lockdown
New Zealand's property market is slowing -- but it may get a small jolt once we're all out of lockdown
1 September 2021
The One Roof-Valocity house price index shows prices across the country grew five per cent in the last quarter, to 983-thousand dollars.
That's just over 200-thousand dollars dearer than at the same time last year.
Valocity's James Wilson thinks there'll be a spike in activity post-lockdown.
He expects a small surge in some buyer types -- like investors -- ahead of approaching rates rises.
CoreLogic's Head of Research Nick Goodall says while last lockdown we saw growth -- we might not see similar results this time around.
He says we may see a little boost to prices due to a reduction in listings -- but it'll be short-lived.
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