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​Rates cut and LVRs restricted for Spring 

29/8/2016

 
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The traditional re-awakening of the housing market over the spring and early summer will be anything but traditional this year. Housing markets have continued to run hot around much of the country throughout the winter, at least in terms of prices if not volumes.

​Real estate agents reported shortages of listings through July and early August as house price inflation hit annual rates of well over 20% and average numbers of days to sell kept falling. 
​

The Auckland halo effect continued to spread through the winter to markets from Tauranga to Hamilton and Whangarei, and to as far afield as Queenstown and Dunedin. ​

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