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Bay houses fetch higher prices

Thursday 13th of October 2005

During August, 290 houses sold in the region at an average price of $253,750, according to figures released yesterday by the Real Estate Institute of New Zealand, compared to 269 in July, at an average price of $250,000. A year earlier, 274 houses sold in the region at an average price of $212,250.

It took an average of 32 days for a house to sell in this region in August, down from 42 in July.

The Hawke's Bay figures are nearly $40,000 below the national median selling price of $290,000 for August, which is a record.

Last August's national median was $248,000.

Paul Harvey, president of the Hawke's Bay branch of the institute, said the market had picked up earlier than it usually does for the time of year.

"We did expect a quieter June, July and August, so I think it bodes well for the balance of the year. I expect sales will stay at this level," Mr Harvey said.

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FMA outlines its latest expectations for advisers
Paul Flood: The danger is that the 'goalposts' (regarding what is acceptable or unacceptable adviser conduct) may be susceptible to change. Our 'Principles based' legal/regulatory environment lends itself to “prevalence-induced concept change” over time, perhaps not so much in the written laws and Code, as in the interpretation of the prescribed principles.
3 days ago Steve Wright
FMA outlines its latest expectations for advisers
Just a tip, if you use more than six, six letter words in a sentence you lose most Kiwi's. So avoid client/adviser confusion when writing your post or article if you would like it read and understood. Ironically, my last sentence was not likely read.
3 days ago Backstage
FMA outlines its latest expectations for advisers
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5 days ago Jon-Paul Hale
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