News | Business
28 Mar 2024 22:42
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    The shrinking pool of properties available for sale is continuing to put pressure on house prices

    The shrinking pool of properties available for sale is continuing to put pressure on house prices


    Latest data from the Real Estate Institute shows median house prices across New Zealand increased by 19.3 per cent year-on-year, to a record 749-thousand dollars in December.

    Chief executive Bindi Norwell says we had 24 thousand properties available for sale two years ago, but currently have just 12 thousand - half the number of two years ago.

    Norwell says that increases competition for properties and there isn't enough to keep up with demand.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     28 Mar: The Government's made a new pay offer to Police
     28 Mar: Local councils are being challenged to back up rising debt with infrastructure revenue
     28 Mar: Employees are being reminded to know their rights and responsibilities this Easter
     28 Mar: The price gap between new builds and existing properties is starting to narrow
     27 Mar: A Bill passed in Parliament today will bring changes to the bright line test
     27 Mar: 'Bizarre' and unbelievable: Gas-rich Australia's looming need for LNG imports draws fire
     27 Mar: A bit of an economic mixed bag has 2024 shaping up to be a fairly flat year
     Top Stories

    RUGBY RUGBY
    The Crusaders' struggles to start Super Rugby have drawn concern from Chiefs coach Clayton McMillan More...


    BUSINESS BUSINESS
    The Government's made a new pay offer to Police More...



     Today's News

    Business:
    The Government's made a new pay offer to Police 21:57

    Entertainment:
    Lily Allen was introduced to Mila Kunis and Ashton Kutcher as Rita Ora - and was too mortified to disclose who she really was 21:53

    Entertainment:
    Mel B's fiance visited her father's grave to "ask permission" to propose to her 21:23

    Accident and Emergency:
    State Highway 6 is blocked by a serious crash, South of Lake Paringa in the South Island's Tasman region 21:17

    Accident and Emergency:
    State Highway One is has now reopened between Kaikoura and Riverlands - after a two-vehicle collision at Kekerengu, north of Kaikoura, this morning 21:17

    International:
    Shopper swallowed as shopping mall floor collapses in eastern China 21:07

    Entertainment:
    Kris Jenner won't spend quality one-on-one time with her grandchildren because it would cost her too much time and money 20:53

    Law and Order:
    A person has died following an incident at a restaurant in Auckland's Browns Bay 20:27

    Entertainment:
    Halle Berry's perimenopause symptoms were mistaken for herpes 20:23

    Entertainment:
    Keke Palmer wants 10 kids 19:53


     News Search






    Power Search


    © 2024 New Zealand City Ltd