Where Housing Prices Have Crashed and Billions in Wealth Have Vanished

In New Zealand, high interest rates have sent property prices sliding nearly 18 percent since November 2021. New townhouses in Auckland, New Zealand. Because of soaring interest rates in the country, houses for sale now sit on the market for an average of 47 days, with some languishing for many months.Credit…Ruth McDowall for The New […]

manager No Comments June 19, 2023 2:47 pm

House prices up, fewer properties on market – New Zealand

With demand for housing in Auckland still increasing, the declining number of properties available for buyers is hitting home. The median house price in Auckland was $820,000 in April. Photo: RNZ / Kim Baker Wilson Sales volume through the region’s biggest real estate agency, Barfoot and Thompson, was down in April after a busy March, […]

manager No Comments May 4, 2016 3:28 pm