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Sally Lindsay
Sally Lindsay
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March better but housing still in the doldrums

Tuesday 18th of April 2023

With mortgage rates now approaching their peaks, and even falling for some terms, it’s not surprising there are some signs of the market stabilising, says Westpac senior economist Michael Gordon.

Even so, Gordon thinks the downward adjustment in prices has a little further to run.

The latest REINZ data show the national median selling price was $775,000, down by $150,000 from its November 2021 peak.

In Auckland, the median selling price was just above $1 million, down by $299,400 from its all-time high of $1.3 million in November 2021.

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Stay in touch with your Clients and Prospective Clients, not by email, not by text Pick up the phone and meet them for a coffee, or a wine…
2 months ago AlBean
Fidelity Life offers premium relief to customers affected by flooding
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