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Interesting press release from Barfoots.

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  • Interesting press release from Barfoots.

    Sales Prices For Auckland Houses Remain Rock Steady

    In a break with tradition, both the average and median sales price for Auckland homes in January held on to the prices being paid for property in December.

    “January is normally associated with a dip in prices but for the first time in 14 years the average and median prices paid were marginally higher than those in December,” said Peter Thompson, Managing Director of Barfoot & Thompson.

    “They remained rock steady with the prices being achieved at the end of last year.

    “At the same time sales numbers fell more than is usual, new listings were healthy and choice increased to its best level in a January for three years.

    “The average sales price for the month was $913,938 and the median price $846,500. These prices reverse a three-month sales-price decline from the all-time highs set in October 2016.

    “It gives us a price start point for the year at the same level as it was in December. That has not occurred in the records since 2003.
    www.ilender.co.nz
    Financial Paramedics

  • #2
    Interesting. And how many times in the past have prices slid in both November and December? Can't imagine that's common either.
    AAT Accounting Services - Property Specialist - [email protected]
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    • #3
      the irrational exuberance, 10%? price jump

      of early 2016 seems to have played out

      not because buyers have lost faith

      but because the banks have...
      have you defeated them?
      your demons

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      • #4
        Originally posted by eri View Post
        the irrational exuberance, 10%? price jump

        of early 2016 seems to have played out

        not because buyers have lost faith

        but because the banks have...
        Yeah quite strange aye eri? The banks curbing lending! Usually never happens. They must be quite worried.
        Squadly dinky do!

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        • #5
          Originally posted by Davo36 View Post
          The banks must be quite worried.
          As they have been before. And wrongly so.

          Comment


          • #6
            Not convinced it's the Banks, more the regulators that govern them.
            www.ilender.co.nz
            Financial Paramedics

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