Scoop has an Ethical Paywall
Reinz & Tony Alexander Real Estate Survey: Buyers Still Standing Back As Prices Ease
There are many negative forces in play in the housing market currently — ranging from 3% to 3.5% increases in fixed mortgage rates, shortages of credit, shortages of construction staff and materials, net negative migration outflows, collapsed FOMO and soaring FOOP (fear of over-paying). The impact so far is an 86% rise in the stock of property listings from a year earlier, a decline in annual sales from 100,000 to 76,000, and an average 7.7% fall in prices.
The results of our latest survey of licensed real estate professionals throughout New Zealand have shown conditions to be broadly as weak as they were last month. Certainly not stronger.
access it online here.
Advertisement - scroll to continue reading
Commerce Commission: ComCom Targets Bundling Loophole
NIWA: 'Spilling The Tea' On Wetlands - Scientists Find Link Between Temperature And Carbon Storage Rates
Plumbers Gasfitters and Drainlayers Board: Man Sentenced In Whangārei District Court For Issuing Fake Gas Certificates & Carrying Out Unsafe Gasfitting Work
University of Auckland: NZ, China Team Up On Caring For Coastal Wetlands As Sea Levels Rise
Rocket Lab: 3rd Quarter 2024 Financial Results, Posts 55% Year-on-Year Growth & Guides To Record Revenue In Q4
Buy Kiwi: Call For Change As Study Reveals 84% Of Kiwis Deceived By Foreign-Owned .co.nz Websites
