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23 Sep 2020 17:24
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  •   Home > News > Business

    The housing shortage has driven property prices up to an all-time high

    The housing shortage has driven property prices up to an all-time high


    Real Estate Institute stats show nationwide prices shot up by 8.6 per cent in the last year.

    Meanwhile, fewer people are selling - and listings have dropped by 1.9 per cent.

    Institute Chief Executive Bindi Norwell says more people want to buy while interest rates are low.

    She says people are having to pay more to secure properties, because supply isn't meeting demand.

    © 2020 Newstalk ZB, NZCity


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     Today's News

    Entertainment:
    Prince Charles has urged for "swift and immediate" action to tackle climate change in a new video message 17:01

    Business:
    Disappointment for Aucklanders looking forward to an early Christmas present of a healthy Entrust dividend - from the owner of powerco Vector 16:57

    International:
    Bougainville elects new president Ishmael Toroama as negotiations on independence from PNG ramp up 16:47

    Entertainment:
    Penn Badgley has become a father for the first time 16:31

    International:
    Republicans are likely to win the battle to replace Ruth Bader Ginsburg. There are three things Democrats could do next 16:17

    International:
    A healthy diet is more important than your weight when it comes to risk of death, study finds 16:17

    Politics:
    An epidemiologist says historical cases of Covid-19 aren't new - and shouldn't worry people 16:17

    Law and Order:
    Four people have been arrested after a raid on a Christchurch Head Hunters gang HQ 16:17

    Entertainment:
    Jennifer Aniston, Courtney Cox and Lisa Kudrow reunited at the Emmy Awards on Sunday (20.09.20) 16:01

    International:
    Coronavirus has officially killed 200,000 Americans. For those left behind, there is grief, shock and rage 15:57


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