New Zealand Property Investors' Federation
The NZPIF is the umbrella body for 17 local Property Investors' Associations throughout New Zealand.
Landlords.co.nz
The number of properties available for sale in Auckland and Christchurch is down 16.7% and 21.7% respectively on the same time last year, Harcourts says in its latest MarketWatch report.
The agency’s Northern region, which includes Auckland and Northland, has experienced a 19.8% year-on-year drop in available exclusive listings and a 7.5% increase in sales. The average price is up 6% on the same time a year ago.
The region reported about 25% more auction listings compared to a year earlier. The amount of property available for sale was down by 16.7%.
In the central region, there were just 4.4% more listings compared to a year ago but auction listings were down 12.5%. Overall, the amount of property available for sale was down 4.4% in the region, Harcourts said.
Wellington’s level of written sales dropped 17.5% on a year ago but the amount of property on hand still declined 7.8%. Christchurch has seen exclusive listings drop by more than a third and the amount of available property for sale drop by more than 20%.
The rest of the South Island reported a drop in exclusive listings of 18.1%, a drop in auction listings of 51.9% and a drop in property for sale of 8.1%.
Source: Landlords.co.nz
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