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7 Dec 2019 10:48
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      Home > News > Business

    A summer boom and market pressures could see record housing prices continue

    A summer boom and market pressures could see record housing prices continue


    Real Estate Institute data shows new highs last month, with the national median now 607-thousand-500-dollars - the first time the bar's passed 600-thousand.

    Chief executive Bindi Norwell says it's due to a regional boom - with six regions breaking their own record median prices.

    She says summer's a busy time for real estate - which could increase pressure in the regional market.

    © 2019 Newstalk ZB, NZCity


     Other Business News
     07 Dec: Queenstown businesses are lauding an 24-hour alcohol ban this Crate Day
     06 Dec: West Coast Civil Defence Emergency Management Group and Westland District Council are closely monitoringtroads and rivers with heavy rain continuing to batter the region
     06 Dec: Drivers from one of the largest bus companies in the country are ramping up strike action - by cutting services in Auckland up until Christmas
     06 Dec: New bank restrictions could push the thorn of business confidence deeper into the Government's side
     06 Dec: There's doubt about the Government's prediction fuel prices could drop by 18 cents
     06 Dec: A think-tank says New Zealanders should be able to have their say on a move which will raise the cost of lending
     06 Dec: Commentators are being urged to see new bank rules in perspective
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