Market observations Recent market data indicates more subdued sales activity and less demand in many regions around the country, especially in Auckland where the market has fallen far from its high- point of recent years. Despite this, house prices just keep rising in most areas including Wellington. The recent LVR restrictions have limited the numbers of buyers in the market, reducing turnover, but has had little bearing on buyers’ willingness to pay. Mortgage rates have been creeping higher since last October, ending the downward trend that borrowers have been enjoying over the past couple of years. Predictions are that this turnaround in borrowing costs could have a more meaningful impac

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CONTACT US  |  (06) 364 6123  |  0800 367 467

153 Main Highway Otaki | PO Box 134 Otaki

(06) 364 6123

0800 367 467 

153 Main Highway Otaki