Most Homes Continue to Sell well Above Purchase Price
Alex Vinnell • May 30, 2022
While housing prices seem to be slowing across New Zealand, market demand is keeping house prices high.
This article by Miriam Bell of Stuff goes over the current state of selling a house in New Zealand. Even though the housing market is experiencing a plateau, many sales are reporting highly profitable results. Major cities across Aotearoa are noting median resale gains ranging from $300,000 to $550,000. There may be limited time to see if your house is in a similar situation!
RBNZ has shifted its house price forecast to a more optimistic view for the rest of the year.
Economists from New Zealand's largest bank suggest a more optimistic future for house prices