Tax Changes Yet To Dampen Red-hot Housing Market

$913,209. up from 18.2% last month.

compared to last month.

occurring in the southernmost regions of the North Island.
pack at 4.9% monthly growth.

of sales data to analyse. coming months,” Mr Nagel added.

less attendance at open homes and auctions. purchaser expectations may be switching slightly.

3.8% to $717,574. the same time last year.

In fact, Tauranga’s average house price is rapidly closing in on $1 million. as though the city should reach that mark later this month.

growth in the future.

12-month increase up 29.4% to $350,383. same time 12 months ago.

three months ago.

the comparative affordability of housing and high yields.

New Plymouth’s residential property market remained red hot in April. past 12 months to $636,439.

levels. prices are still rising,” he said.

tax timeframe and the end of interest tax deductibility.

12 months.

11%, and 9.3% respectively.

pent-up demand.

8.9% and 9.5% respectively.

stock available, low interest rates and sustained demand.

demand would continue. rising construction costs and new Government regulations.

than the same time last year.

property market had stabilised.

$300,000-$450,000 range.

the most nationally by far.

The previous record for the annual number of new homes consented was 40,025 in the year ended February 1974. A record 41,028 new homes have been consented in the year ended March 2021, Stats NZ said today.

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