Record house prices nothing to celebrate

  • The “mini-boom” boosting Wellington regional house prices is neither.

There is nothing “mini” about a tidy but unspectacular 1920s three-bedroom Kilbirnie weatherboard selling for $562,000 – $102,000 more than RV. That’s actually crazy when you consider that a year ago similar homes in the same area were selling for about $20,000 over RV.

And how is this a boom? Who is better off – other than the banks and real estate agents?

READ MORE:
Silence of council not golden during housing boom
Auckland’s housing boom is spreading and that is a problem: economist Rodney Dickens

Record

LIZ MCDONALD/FAIRFAX NZ
Who is better off – other than the banks and real estate agents?

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