New Zealand housing market continues to cool off

    Source: Xinhua| 2019-07-10 11:50:21|Editor: Yang Yi
    Video PlayerClose

    WELLINGTON, July 10 (Xinhua) -- New Zealand housing market continued to cool off with a decline in the rate of annual growth from 3.8 percent in June 2018 to 1.7 percent in June 2019, although values are still in positive territory, the Real Estate Institute of New Zealand (REINZ) said on Wednesday.

    The Southland region's House Price Index had the strongest growth in the country, with a 20.2-percent increase to a new record high of 3,049 (up from an annual increase of 10.5 percent in June 2018 and an index level of 2,536).

    This was followed by Manawatu/Wanganui with an annual growth rate of 18.3 percent to 3,089, up from an annual increase of 9.8 percent at the same time last year and Gisborne/Hawke’s Bay with a 9.1 percent annual increase to 2,738.

    “The Southland region was clearly the shining star in June with the strongest annual growth rate seen across the country, it was also the second region in the country (behind Manawatu/Wanganui) to go over the 3,000 mark in the overall index,” Bindi Norwell, Chief Executive at REINZ said.

    “Over the last two years, Southland has only seen two months where the region hasn’t experienced double-digit year-on-year growth. With such strong level of growth for so long now, this is certainly an area to watch over the coming months,” she added.

    Looking around the country, 11 out of 12 regions saw an annual increase in the index level. The only region not to experience an increase was Auckland, which saw an annual decrease of -3.5 percent to 2,784. Although, this is up on the trough of 2,774 reported in April this year.

    “While the annual figure shows a fall of -3.5 percent in the value of Auckland’s property market, the last two months have shown an uplift of +0.3 percent from April to May and +0.1 percent from May to June. While it’s too early to call this a trend, it is certainly the first signs of some renewed confidence returning to the market.

    “What makes this growth in Auckland more interesting is that it’s in winter, when traditionally values are a little more subdued. Clarity around the Capital Gains Tax being off the table and record low interest rates are a key influence here and we look forward to seeing what happens in the coming months as we get closer to spring and more confidence returns to the market,” Norwell said.

    Other regions that saw strong results in June were Otago (+8.3 percent) and Waikato (+5.2 percent) to new record high index levels of 2,932 and 2,949 respectively when compared to the same time last year.

    TOP STORIES
    EDITOR’S CHOICE
    MOST VIEWED
    EXPLORE XINHUANET
    010020070750000000000000011100001382145321
    主站蜘蛛池模板: 美女视频免费看一区二区| 99久久伊人精品综合观看| 欧美巨鞭大战丰满少妇| 友田真希息与子中文字幕| 老司机69精品成免费视频| 婷婷六月天在线| 久久本网站受美利坚法律保护| 欧美视频在线免费播放| 台湾无码一区二区| 黑人巨茎大战白人美女| 国语自产精品视频在线区| 中文在线天堂网www| 春丽全彩×全彩番中优优漫画| 亚洲精品欧美日本中文字幕| 美女一级免费毛片| 国产在线98福利播放视频免费| 5x社区精品视频在线播放18| 好男人www社区| 丰满女人又爽又紧又丰满| 最近中文字幕完整国语视频| 亚洲福利在线观看| 精品人妻久久久久久888| 国产乱女乱子视频在线播放| www亚洲欲色成人久久精品| 大奶校花催眠全世界| 中国熟妇VIDEOSEXFREEXXXX片| 日韩第一页在线| 亚洲成在人线在线播放无码| 男女做爽爽免费视频| 国产va免费精品高清在线| 黄网站色视频免费观看| 国产精品久久精品视| 99久久人妻无码精品系列| 性美国xxxxx免费| 久久久亚洲精品国产| 柔佳呻吟乳峰喘息高耸入云| 亚洲欧美国产精品第1页| 男和女一起怼怼怼30分钟| 午夜国产大片免费观看| 色吧亚洲欧美另类| 国产后入清纯学生妹|