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House prices expected to rise

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Sun, 01 Jan 2012 12:53p.m.

Continued demand for housing is expected to push up the average asking price - and sooner rather than later.

Last month saw just under 9000 new house listings, a 35 percent drop on November's statistics.

Alastair Helm from realestate.co.nz says while December is generally a quiet month, there is still steady demand from buyers.

The current average asking price is just over $420,000.

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Comments

03 Jan 2012 02:09p.m.

Longtack wrote:

Vic an agent?? I hope not! He makes some rather silly and erroneous assumptions. Consider the effect of the NZD strengthening against the AUD when he wants to sell? After all he may want to repatriate his $. BTW - we're Mums and Dads not Moms.

01 Jan 2012 10:10p.m.

momoko wrote:

vic, are you a real estate agent?

01 Jan 2012 02:35p.m.

vic wrote:

at present time house prices will rise. As time passes more Australians will enter the n.z market for an immediate gain of paying no sales tax 25% as they do in their country and also the gain in the exchange rate of 25%. This gives them a whopping 50% advantage over a kiwi mom and dad investor