Market Slow but Getting Busier
New Zealand housing values have grown at
their slowest rate since 2012, especially in the heated Auckland market where a
negative growth rate has been recorded. The country is unlikely to suffer the
same steep drops as Australia, however, with the average nationwide value still
managing to hit a fresh high in December 2018 of $682,938. In fact, a busy
start to 2019 has been predicted by some experts, thanks in part to more
relaxed loan-to-value ratio (LVR) lending rules and competitive economic
conditions.
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