News

Housing market continues to take a battering

Wednesday 15th of June 2022

Tighter credit conditions, higher interest rates and a sharp increase in supply are hammering the market. Sales are slower to complete, property is staying on the market longer and prices are dropping.

House prices are now down 6% from last November’s peak and sales across the country sales are 28.4% down on last year.

The national median selling price dropped from $875,00...

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