
News
House price surge marches on
Friday 16th of December 2005
The national median price for residential property hit $300,000 for the first time in November and the median price is now 53% up on the same month in 2002.
The new benchmark is likely to heighten the likelihood of the Reserve Bank taking even stronger measures to dampen spending.
Describing the market as producing a “stayer’s run”, REINZ national president Howard Morley says that the...
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