House Sales Subside
Hamilton House sales continue to contract in the post LVR world.
At the moment, there is a lot of hype out there about how well the New Zealand economy is doing. Well, apart from dairy farmers (drought aside) and banks (huge bank profits registered) the only sectors doing okay are Auckland and Christchurch. The regions continue to suffer.
This month’s huge drop in house sales for Hamilton highlights the fragile market place.
This month’s (April 2014) sales results in the entire Hamilton house sales market place was 204 against 250 for 2013 – returning to sales levels close to the depressing post global financial crisis years.
The market could now under perform until post the elections set for September 2014.
Check out this link for the Real Estate Institute of New Zealand….. https://www.reinz.co.nz/reinz/index.cfm?1CB561D5-18FE-7E88-42FB-507342EF7F81&obj_uuid=CEDC8B41-15BA-494F-81FF-70757FDE27B5
NEW ZEALAND LARGE CITIES