Press Release – Century 21 Real Estate With 20% deposit requirements for owner-occupiers and 30% for property investors taking effect from 1 March, most anticipated some cooling. Not so. In fact, quite the opposite. Unbelievably, real estate in March achieved record sales highs for …
“With 20% deposit requirements for owner-occupiers and 30% for property investors taking effect from 1 March, most anticipated some cooling. Not so. In fact, quite the opposite. Unbelievably, real estate in March achieved record sales highs for price, speed, and volume,” says Derryn Mayne, Owner of Century 21 New Zealand.
Her comments follow REINZ releasing its Monthly Property Report for March which confirmed New Zealand’s real estate market maintained its unrelenting strength despite attempts by the Reserve Bank and the Government to slow it down.
Press Release – Century 21 Real Estate
“With 20% deposit requirements for owner-occupiers and 30% for property investors taking effect from 1 March, most anticipated some cooling. Not so. In fact, quite the opposite. Unbelievably, real estate in March achieved record sales highs for price, speed, and volume,” says Derryn Mayne, Owner of Century 21 New Zealand.
Her comments follow REINZ releasing its Monthly Property Report for March which confirmed New Zealand’s real estate market maintained its unrelenting strength despite attempts by the Reserve Bank and the Government to slow it down.
Reaching a new record high for the country, median house prices across New Zealand increased by 24.3% to $826,300 in March 2021 compared to the previous March, with 12 out of 16 regions reaching record median prices.
“Real estate had a great February, with the hot market not over yet. We might’ve started March with an Auckland lockdown and the return of LVRs, but buyer demand remains strong and listings are still short,” says Derryn Mayne, Owner of Century .