Want to sell? Wait till March

NZ housing market set to regain strength in first half of 2018

New Zealand’s property market should be in better shape a year from now – but how fast prices pick up again may depend on who successfully forms the next government.

A new report from Corelogic shows the housing market has lost its lustre over recent months – and the traditional “spring surge” of activity has not happened.

Nationwide, residential property value growth dropped to 4.8 per cent in August, the slowest rate in five years.

Auckland’s rate slowed to 2.8 per cent and Corelogic said it had had effectively no increase in property values since October last year.

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