Northland Property Investors' Association

northland@nzpif.org.nz

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07-08-2018

Wellington bounces back

CoreLogic head of research Nick Goodall said, “While this level of growth over one month is exceptional, it is perhaps not unexpected given that the previous drop was a surprise.” 

He said, “This bounce back is likely reflective of a volatile upper tier of the market which has a limited amount of potential buyers, especially given recent credit tightening. Low listings in the capital mean some price pressure remains, especially in the price bracket below $675,000 where annual growth hovers just under 10%.”

Read the rest of the CoreLogic report here

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