Category Archives: Economic News

Hamilton Housing – Volume Down, Prices Up?

Lodge Real Estate’s managing director, Jeremy O’Rourke, said the Hamilton residential real estate market can be characterised by one word: paradoxical. “In the real estate market, a common adage is that ‘price follows volume.’  What this means is that, historically, as buyer activity tails off and the number of house sales fall, prices will steadily [...]

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Hamilton median house price rises, sales are strong and stocks are up

  Lodge Real Estate’s managing director, Jeremy O’Rourke, said as predicted Hamilton’s housing market continues to shows signs of strength and sustainable recovery. “It’s all good news for the Hamilton housing market at the moment.  The median house price is up, sales are up and stocks are on the rise. “In August, Hamilton’s median house [...]

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Reserve Bank exempts lending for new construction

  “The Reserve Bank has recently consulted with the building industry and banks on the impact of LVR restrictions on residential construction activity,” Mr Spencer said. “While high LVR construction lending is only around 1 percent of total residential lending, it finances around 12 percent of residential building activity. “This exemption means that low deposit [...]

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