News
Third wind of strength in the housing market
Friday 2nd of February 2007
The Mike Pero Mortgages-Infometrics Property Cycle Indicator showed Nelson/Marlborough sitting at +3.78, Wellington at +3.53, Auckland at +3.13, and Southland at +1.28. A PCI value of –10 shows a strong housing market downturn, while +10 shows a strong upturn.The weakest areas were Hawkes Bay (-6.67) and Manawatu/Wanganui (-6.35).
Nationally, the PCI was -2...
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