PHOTO: The median house price in New Zealand is now $725,000 – a 20 percent increase from the same time last year.
House prices across New Zealand are continuing to rocket upwards with no sign of slowing. With prices continuing to grow, one real estate agent says the best time to buy is now – before it gets any worse.
Martin Cooper told Magic Talk on Saturday business is booming.
“It’s flat out – there’s no stopping it.”
Good news for Cooper – but what about the rest of us?
He says with no end in sight, Kiwis would be wise to spend big now.
“If you’re buying for a long-term-hold, buy now – what you pay for now, I’ll buy back off you in ten years time,” he said.
“It’s going to keep going up – get in now and make a commitment, that’s the way to go.”
However this option is simply not viable for a large swathe of New Zealand.
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