Nearly 300 homes sold for $1 million or more last month, but it is the middle to lower end of the market where activity is the most frenetic according to the Real Estate Institute of New Zealand....
Renters could be in luck, as a turnaround in the market has seen a flood of listings and brought prices to a standstill including in some of the country’s most desirable suburbs....
The provincial towns and cities are well below their 2007 peaks, but there are signs of life south of the Bombays, reports Bruce Morris....
House prices throughout most of New Zealand are stalled at levels up to 30 per cent below the peaks of the property boom as the gap widens between Auckland and the rest....
The average house sale price in Auckland hit $580,000 this week and new housing statistics have identified increasing numbers of suburbs that are depressingly out of reach for first-time buyers....