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LVRs hurt regional NZ: Harcourts
Wednesday 15th of October 2014
The real estate agency’s latest statistics show the northern region, including Auckland and Northland, had 3.25% more sales in September than in 2014. The average sales price increased by 11%, to $683,101.
Christchurch’s sales were up 3.3% and its sales price up 16%.
But elsewhere, price rises were more subdued – 7% in the central North Island region, 2% in Wellington and a 2% drop in provincial South Island areas.
Chief executive Hayden Duncan said it would be beneficial to the regions if the LVR restrictions were lifted this year.
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