Has the crash started?

Barfoot and Thompson’s July sales report showed the average sale price for an Auckland Eastern suburbs home was $1.117 million in July, compared to $1.193m in July last year.

In the North Shore the average price was down from $1.3m to $1.06m. In South Auckland, it was down from $824,069 to $708,069.

What exactly this all means is up for debate.

READ MORE:
Rob Stock: Extraordinary strategies to cope with extraordinary mortgages
Rob Stock: Lessons of home affordability report
Rob Stock: Absurd financial pressure on parents

Is China’s crackdown on money leaving the People’s Republic causing the crunch?

Are anti-money laundering laws finally working?

Have the Reserve Bank’s high deposit-for-investor rules knocked them out of the game?

READ MORE VIA STUFF

NEVILLE MARRINER/STUFF

Some people who bought recently now own homes worth less than they paid for them.

 

Comments Off on Has the crash started?

Filed under Homes & Property New Zealand, New Zealand Property & Real Estate News, Real Estate Agent News, Uncategorized

Comments are closed.