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20 Apr 2024 8:32
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  •   Home > News > Business

    The housing shortage has driven property prices up to an all-time high

    The housing shortage has driven property prices up to an all-time high


    Real Estate Institute stats show nationwide prices shot up by 8.6 per cent in the last year.

    Meanwhile, fewer people are selling - and listings have dropped by 1.9 per cent.

    Institute Chief Executive Bindi Norwell says more people want to buy while interest rates are low.

    She says people are having to pay more to secure properties, because supply isn't meeting demand.

    © 2024 Newstalk ZB, NZCity

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     Today's News

    Law and Order:
    A man who once threw a Molotov cocktail into Sir John Key's electorate office, has admitted setting the Huntly Railway Building on fire 8:17

    Entertainment:
    Olivia Munn says "nothing" could have prepared her for the emotional shock of seeing her body after she underwent a double mastectomy 8:10

    Business:
    Why Japan is the only country where married couples must have the same surname 8:07

    Auckland:
    A person's died after a serious crash on Great North Road in Auckland's Grey Lynn this morning 8:07

    Soccer:
    A missed penalty in added time has cost the Wellington Phoenix dearly in their 1-all draw against the Jets in Newcastle 7:57

    Rugby League:
    The Warriors have missed the chance to leap to 3rd on the NRL table...crushed 30 to 12 by the St George Illawarra Dragons in Wollongong 7:57

    Rugby:
    The Highlanders are reeling from a fifth straight loss in Super Rugby, dealt to 31-nil by the Queensland Reds in Brisbane 7:47

    Entertainment:
    Gwyneth Paltrow's daughter has stolen from an "archive" wardrobe the actress keeps at home as the teen loves 1990s designer looks 7:40

    Politics:
    Jacinda Ardern slashed negative gearing in NZ. The new government has brought it back 7:27

    Environment:
    The Hurricanes have recorded their best ever start to a Super Rugby season, earning their eighth-straight win with a 38-15 victory over the Fijian Drua 7:27


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