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8 Nov 2024 15:27
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  •   Home > News > Business

    More buyer interest in the housing market

    More buyer interest in the housing market


    Real Estate Institute figures show the national median house price fell 2.3 percent in the year, to 781-thousand dollars.

    Half of the regions had a median price increase.

    OneRoof editor Owen Vaughan says interest rate cuts haven't filtered through to prices yet -- but things are heating up.

    He says buyer enquiries have lifted 20 percent since the first Official Cash Rate cut in August.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     08 Nov: Optus hit with $12 million fine after customers could not access triple-0 during network outage
     08 Nov: New Zealand's economic downturn has eaten into the Warehouse's revenue -- with the Big Red Shed taking an almost 17 million dollar hit in sales
     08 Nov: Jamie Wilson linked arms with politicians and celebrities, but behind closed doors a business was marred with problems
     08 Nov: New Zealand's largest bank, ANZ, is reporting a small rise in net profit
     08 Nov: Concerns contract issues are stifling competition in the electricity sector
     08 Nov: The US Federal Reserve has cut interest rates by a quarter of a percentage point
     08 Nov: New China trade deals are expected to bring 340-million dollars in export revenue over three years
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