新西兰ZT: Property prices, sales lift in October
Real estate stats published this morning show a small lift in the number of homes sold in October, with median prices also up.
With 6,778 dwellings sold, the total was up 0.9 per cent from September, while median prices were up $7,525 to $497,525, said the Real Estate Institute of NZ in its monthly data release.
Institute chief executive Helen O'Sullivan said sales volumes had eased back in October due to new Reserve Bank limits on low deposit lending.
"Comments by agents from around the country indicate heightened levels of uncertainty for both purchasers and vendors about the impact of these changes, which is causing a number of prospective buyers and sellers to hold off from committing to the market until they are more comfortable," she said.
"Typically in the real estate market sales volumes change more quickly than prices and overall sales volumes are lower than what we would expect for this time of the year, although in a few regional centres sales are strong.
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