looks like primary residence buyers are still competing where there is a shortage of land
not so many buyers for "investment" houses in the burbs next to farms though....
A monthly report on house affordability says house prices in central Wellington have risen, and suggested that those on higher incomes are using their tax cuts to push up prices.
The Roost Home Loan Affordability report said signs of a "two-speed" housing market were emerging, with luxury house prices in central Auckland and Wellington firming but prices in outer suburbs and provincial cities remaining flat.
http://www.stuff.co.nz/business/mark...-defy-downturn
not so many buyers for "investment" houses in the burbs next to farms though....
A monthly report on house affordability says house prices in central Wellington have risen, and suggested that those on higher incomes are using their tax cuts to push up prices.
The Roost Home Loan Affordability report said signs of a "two-speed" housing market were emerging, with luxury house prices in central Auckland and Wellington firming but prices in outer suburbs and provincial cities remaining flat.
http://www.stuff.co.nz/business/mark...-defy-downturn
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