- The Wellington housing market has only just got going but already one estate agent is predicting the end of the boom.
David Platt, a director of Tommy’s Real Estate, says a flood of listings in the last two weeks is due, he believes, to people trying to get in ahead of tighter home loan restrictions.
“In the last two weeks Tommy’s city office have listed 51 properties for sale, which is unprecedented for this time of the year,” he said.
Would-be sellers were fearful that tighter loan restrictions in September “might be a game changer in the coming months, or that the market may be close to peaking.”
READ MORE:
* House price boom end in sight, BNZ economist Tony Alexander says
* Property industry accuses Reserve Bank of U-turn over lending rules
* Sunless Wellington houses selling well, as house prices surge by $10,000 a month
* Full house for auction as ‘panic buyers’ look to snap up homes
READ MORE VIA STUFF
