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Prices in 2019 have continued to increase and the median sale price is now very close to $500k. This in comparison to only $400k a year ago and $300k in 2016. Interest rates remain low which increases affordability, although most banks use quite a big margin in their calculations to make sure people don’t overcommit. […]
Since my last market update, there have been numerous developments that create uncertainty about the market and for how long the upwards trend of property prices will continue. The key changes we’ve seen in recent months: • the lowest Official Cash Rate since its introduction 20 years ago and the lowest interest rates since […]
Supply and demand has changed market dynamics in Auckland and the question we get asked every day is what we expect to happen with prices in the Rotorua market. Will we follow Auckland and will prices drop, or will they continue to climb? There are a number of key economic factors that will affect the […]