No Housing Boom in New Zealand Real Estate Market
The edge continues to come off the Nations (New Zealand) so called housing boom.
In Hamilton New Zealand our housing market has performance last 20 years
March 1994 – 419 Houses sold in Hamilton
March 2014 – 255 Houses sold in Hamilton
‘Hey, we have 35% more houses than we did 20 years ago’, I hear you ‘shout’. Yes, that’s right!!. So, don’t tell me or shout from the roof tops about a booming market.
In the last 7 years we have averaged 233 sales per year, in the 7 years prior we averaged 343 sales per annum – No boom exists, it never did exist and it did not need Reserve Bank interference to stop the so called boom.