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Thread: Property market weak, prices fall 1.4pc in May

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    Default Property market weak, prices fall 1.4pc in May

    Property market weak, prices fall 1.4pc in May
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    11:15 AM Tuesday Jun 15, 2010

    House prices fell 1.4 per cent across New Zealand in May, according to the latest REINZ Monthly Housing Price Index, released this morning.

    In the three months to May, house prices rose by 0.7 per cent. Compared to 12 months earlier, the index was up by 2.3 per cent.

    This latest research shows that house prices are now 5.1 per cent below their peak in November 2007.

    The Real Estate Institute said that Auckland prices were up 3.7 per cent from May last year, while Wellington houses were up 4.4 per cent and Christchurch up 4.2 per cent.

    In other information released this morning, REINZ said the median residential property prices fell from $356,000 to $350,000 in May, while the number of homes sold was only one fewer, at 5,206, than April.

    More here.
    Mother Bear

    Try to bloom wherever you are planted.

  2. #2
    widesheds is offline Junior Member
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    Default hi....

    Oh...

    Thanks for providing this great information with us. But as we talk about property investment is growing too much. Many of investor are trying to earn money by investing their money in Property and they are getting much more money from that investment only.

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