PHOTO: February issue of the Regional Property Insights Report
Welcome to the February issue of the Regional Property Insights Report written by Tony Alexander, independent economist, which focusses on underlying trends in the residential property market, specific to 17 key regions.
This is produced monthly and is distributed first to our key Adviser network for your specific reference.
In this first RPI issue for 2021 Tony examines something slightly less long-term in nature because it is so important at the moment. Over the last four months of 2020 average house prices all around New Zealand rose by 11.7%. Never before since the data started in 1992 have we seen such a strong run, with the next closest period of exceptionally strong price rises being a 10% gain in the four months to November 2003. He examines how common such periods of strong four-month price growth are at the regional level.
After that he looks at changes in the ratio of an average section price to the average value of a consent issued for the construction of a new dwelling from 1993.
We hope you find it useful in your discussions and client interaction.
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