The number of properties sold across the country fell 20 % last month versus a year ago, the Real Estate Institute of New Zealand (REINZ) said on Friday
Quotable Value's (QV) residential property price index rose 8.1 % in the year to June, the slowest since March 2015, compared with an annual rate of 9.7 % in the previous month
Quotable Value's (QV) residential property price index rose9.7 % in the year to May, compared with an annual rate of11.1 % in the previous month
New Zealand's sizzling housing market cooled slightly in April to post its slowest growth in almost two years, government property valuer QV said on Wednesday.
New Zealand house prices rose in March, with red-hot Auckland slowing as the capital Wellington picked up the pace.
Quotable Value's (QV) residential property price index rose 12.9 % in the year to March, compared with 13.5 % the previous month.
New Zealand house prices rose in February, with red-hot Auckland slowing down as further flung cities picked up.
Quotable Value's (QV) residential property price index rose 13.5 percent in the year to February, the same rate as the previous month.
House prices in New Zealand's largest city of Auckland recovered in January, data released on Monday showed, a move the central bank will be watching closely for signs the red-hot market's moderation was only temporary.
Auckland is “going through a building boom,” said Ross Hawkins, a salesman with New Zealand Sotheby’s International Realty, noting that at the moment you can count 40 or so construction cranes on the skyline.
The past year was “one of the most buoyant markets” since the global financial crisis of 2008, Mr. Hawkins said, adding that it was helped by low interest rates, a growing economy, a stable government and an influx of expatriates returning from Australia, as well as the general feeling that New Zealand is a “safe haven well away from the Northern Hemisphere issues.”
Highly-qualified professionals such as engineers could get skilled migrant visas that allow them to settle in the country - adding some extra demand to the housing market.
The REINZ said prices in the country's biggest city, Auckland, fell 2% on the month and rose 7% year-on-year.
Opt in here