New Zealand house prices edged higher and properties were sold in a shorter amount of time last month as strong demand amid rising net migration and low interest rates continue to show signs of stabilisation in the property market. ...

As the property market shows signs of rejuvenation, banks are loosening the purse strings and relaxing their lending criteria....

POSITIVE SIGN: The number of consents for new dwellings lifted strongly last month, particularly when apartment numbers were excluded....