Page 19 - Quotable Value News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Expect house prices to fall as downward pressures kick in over the next two years, an investment advisory company warns.

“We have identified all of our infrastructural restraints and enablers for Tokoroa and Tīrau so we are looking at those communities to assess where growth can take place quickly because it is all about speed to market now,” he said. “We have identified a number of growth cells so over the next few weeks I will be talking to landowners who have got land that is currently zoned residential that is not developed. “They are good to go. We don’t have to go and spend millions of dollars on pipes for those areas as that was already done years ago [when the towns were rapidly growing]....

However, quarterly house price growth has slowed for the second month in a row, which may indicate the property market is cooling.  QV showed the national average price increased by 6.6 per cent, to $943,184, over the three months to the end of June. That was down from the 8.8 per cent recorded in the three months to May. How hard has it been for you to buy a house in the current market? Have you successfully bought a house recently, and what strategy did you use that worked? What advice do you have for others struggling to buy a house?  Did you end up paying more for a house than int...

"Well that's depressing."

"It does look like the housing market is not exactly doing a Titanic."