The news just keeps tumbling out. Rents squeezes, record low building starts, and now fewer houses for sale.
We are entering into a “pressure cooker” market and those who do not act now to take advantage of the evidence will look back with deep regret in the future.
Now is the time to learn, investigate, and to take action.
House for sale hit four-year low
The number of homes for sale in New Zealand’s three largest cities has fallen to a four-year low, data released today shows.
Realestate.co.nz ‘s monthly NZ Property Report revealed that just 8542 new listings came on to the market across the country this January.
The number was up 3 per cent on the same time last year, but was not keeping up with buyer demand.
Realestate.co.nz chief executive, Alistair Helm, said that while January was always a slower month for new listings, strong sales in the main centres have pushed demand far ahead of supply, leading to the record low levels in inventory.
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