PHOTO: Stuff-co-nz – Andrea Rush: “With restrictions on finance being eased by the retail banks it’s been a little easier for some investors and home-buyers to gain finance to purchase.”
First-home buyers are making the most of a quieter property market, property data firm QV says.
It has released its March statistics, which show residential property value growth is subdued compared to recent years, particularly in the main centres.
Auckland prices are up just 1 per cent year-on-year. Wellington’s are up 8.2 per cent and Christchurch’s down 0.6 per cent.
The national growth rate was 7.3 per cent, the fastest annual increase in nine months.
READ MORE: Are leaky-looking houses a way into the market or a ticking time bomb?
Sales volumes were lower than normal for March, spokeswoman Andrea Rush said.
“With restrictions on finance being eased by the retail banks it’s been a little easier for some investors and home-buyers to gain finance to purchase,” she said.
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