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Welcome to our starting point for the property in Australia community. If you have any interest or involvement in the Australia property market then we strongly urge you to look through what our property community can offer you. On offer, for FREE, is Australia Property News, Australia Property Forums, Blogs and a property for sale in Australia marketplace. Use this page as your starting point to see the latest news, read the latest forum comments, view recent Australia blog posts and browse the Australia Property marketplace. |
The residential real estate market in New Zealand is stuck in neutral with the number of properties sold falling to a 10 year low, a new report shows.
The latest house price index from the Real Estate Institute of New Zealand shows prices fell 1.2% in July from June. It means prices are now just 1.8% higher than they were a year ago.
Last Updated ( Friday, 13 August 2010 09:39 )
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Residential property sales in New Zealand have fallen to their second lowest volume in a June month in the past decade as the property market struggles, according to the latest figures to be published.
Data from the Real Estate Institute shows that total residential sales fell to 4,575 last month from 5,206 in May, and 6,040 in June last year. It is only the second time in the past 10 years that a June month has recorded fewer than 5,000 sales, the first being in 2008.
Last Updated ( Thursday, 15 July 2010 09:38 )
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Residential property in New Zealand is as affordable now as it was six years ago with prices static and the market subdued, according to a new report.
The latest Home Affordability report from Massey University shows that the national affordability index has improved 11.1% over the past year, improving by 2.7% during the quarter ending May 2010 and is now about the same level as it was in 2004.
Last Updated ( Monday, 28 June 2010 09:07 )
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Property prices in New Zealand property fell for the first time in 14 months in May, reflecting a general lack of confidence among buyers faced with more choice, according to the latest real estate index.
Property values in May were 5.6% higher than in the same month of 2009, retreating from the year-on-year gain of 6.1% in April. It is the first time since March 2009 that the increase has lagged that of the previous month.
Last Updated ( Monday, 14 June 2010 08:44 )
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