The latest figures underline just how strong the housing market has been and also suggest it will be some time before it cools much.
Monday, March 1st 2004, 10:15AM
by The Landlord
Firstly, Quotable Value says its house price index jumped 21.9% in 2003, the highest annual growth in the 13 years it has been producing the index.
Secondly, Statistics New Zealand says housing consents jumped 11.1% in January from December in seasonally adjusted terms and were 16% higher than in January last year.
While recent Real Estate Institute’s figures are showing a slowdown in the median house price, Quotable Value says it’s index showed continued growth in the December quarter, up 4.9% after a 7.3% increase in the September quarter.
