{"id":23934,"date":"2020-03-03T09:08:16","date_gmt":"2020-03-02T20:08:16","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=23934"},"modified":"2024-03-01T20:51:07","modified_gmt":"2024-03-01T07:51:07","slug":"100-months-in-a-row-nz-house-prices-havent-fallen-since-rugby-world-cup-2011","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/100-months-in-a-row-nz-house-prices-havent-fallen-since-rugby-world-cup-2011\/","title":{"rendered":"100 months in a row: NZ house prices haven&#8217;t fallen since Rugby World Cup 2011"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"> <strong>PHOTO:  New Zealand house prices have stayed on a longer winning streak than the All Blacks. Photo \/ File<\/strong>  <\/p>\n\n\n\n<p class=\"has-drop-cap wp-block-paragraph\">New Zealand house prices have not fallen since the 2011 Rugby World Cup &#8211; that&#8217;s a &#8220;staggering&#8221; 100 consecutive months of year-on-year rises.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Or to put it another way, prices haven&#8217;t fallen since the year the deadly Christchurch earthquake hit and Prince William married Kate Middleton.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It meant that in every month since October 2011, national prices have climbed higher than the same time a year earlier, new analysis from the Real Estate Institute showed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It&#8217;s sent New Zealand&#8217;s median house price skyrocketing from $359,000 in October 2011 to $615,000 this January &#8211; a 71.3 per cent increase.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And the nine-year run seems set to continue after prices this January also leapt 12 per cent year-on-year, Real Estate Institute chief executive Bindi Norwell said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;Having house prices increase for 100 months in a row across the country is staggering,&#8221; she said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Yet while it may be great news for homeowners and investors, the staggering rise has pushed first-home buyers to take on ever more debt in a bid to get on the property ladder.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">New data by the Reserve Bank showed 40 per cent of first-home buyers who took out a new home loan last month had deposits of less than 20 per cent of the loan value.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">READ MORE VIA <a href=\"https:\/\/www.nzherald.co.nz\/property\/news\/article.cfm?c_id=8&amp;objectid=12313159\">NZHERALD<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: New Zealand house prices have stayed on a longer<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/100-months-in-a-row-nz-house-prices-havent-fallen-since-rugby-world-cup-2011\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":23935,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478104518,478108898,478106988,478107875,478108900,478108897,478108899],"class_list":["entry","author-data123nz","post-23934","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-all-blacks","tag-nz-house-prices","tag-nz-property","tag-nz-rugby","tag-rugby","tag-rugby-world-cup-2011","tag-rwc2011"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - 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