Tuesday, 15 June 2021, 11:20 am
“The market is still damn hot and will be until buyer
demand can be met,” says Derryn Mayne, Owner of Century 21
New Zealand.
Her
comments follow REINZ releasing its Monthly Property Report
for May which showed New Zealand’s real estate market
continues to see strong overall price growth despite recent
Government and Reserve Bank handbrake measures.
May
saw median house prices across New Zealand increase by 32.3%
to $820,000 in 12 months and up 1.9% since April. With REINZ
headlining ‘house price rises continue; Auckland hits new
record median price again’, five out of 16 regions reached
record median prices, with Auckland up 26.9% to
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“Despite the Government and Reserve Bank’s cooling measures in place since March, April’s numbers show the housing market remains too hot for most young Kiwis. Eyes will now be on Budget Day to see what action will be taken for desperate first-home .
Press Release – Century 21
“Despite the Government and Reserve Bank’s cooling measures in place since March, April’s numbers show the housing market remains too hot for most young Kiwis. Eyes will now be on Budget Day to see what action will be taken for desperate first-home buyers,” says Derryn Mayne, Owner of Century 21 New Zealand.
Derryn Mayne, Owner of Century 21 New Zealand
Her comments follow REINZ releasing its Monthly Property Report for April which confirmed New Zealand’s real estate market remains incredibly busy. This comes despite tougher deposit requirements and property investors targeted with tax deductibility on interest scrapped and the bright-line test extended to 10 years.
Press Release – Century 21 Despite the Government and Reserve Banks cooling measures in place since March, Aprils numbers show the housing market remains too hot for most young Kiwis. Eyes will now be on Budget Day to see what action will be taken for desperate first-home …
“Despite the Government and Reserve Bank’s cooling measures in place since March, April’s numbers show the housing market remains too hot for most young Kiwis. Eyes will now be on Budget Day to see what action will be taken for desperate first-home buyers,” says Derryn Mayne, Owner of Century 21 New Zealand.
Derryn Mayne, Owner of Century 21 New Zealand