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6 Mar 2021 17:46
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  •   Home > News > Business

    A prediction the red-hot running property market won't cool anytime soon

    A prediction the red-hot running property market won't cool anytime soon


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

    Inventory levels are also at their lowest ever - and that's putting pressure on house prices.

    OneRoof editor Owen Vaughan thinks we'll see a continuation of the current situation for the next three to six months.

    He says if you're out there in a crowded open home - don't expect it to get less crowded any time soon.

    © 2021 Newstalk ZB, NZCity


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