Wednesday, January 27, 2010
Houses in Hawke's Bay have been tagged as "seriously unaffordable" in a survey approved out by Australian company Demographia, which looked at 272 markets in Australia, Canada, Ireland, New Zealand, Great Britain and the United States.
New Zealand came second to Australia as the least affordable place to buy a home.
In conditions of cities, Vancouver in Canada topped the "most unaffordable" list follows by Sydney and the Sunshine Coast.
In conditions of cities, Vancouver in Canada topped the "most unaffordable" list follows by Sydney and the Sunshine Coast.
In New Zealand, Tauranga was the least affordable market, with a median several of 6.8.
It ranked as the 20th least affordable place to live among all the cities in the review.
It ranked as the 20th least affordable place to live among all the cities in the review.
Auckland, ranked 22nd, was the least affordable larger market, with a median numerous of 6.7, while Christchurch, 6.1, ranked 31st, and Wellington, 5.7, ranked 41st, were also severely unaffordable.
Share |
Tuesday, January 12, 2010
The average house prices back above the $200,000 barrier after rising by 1.7% during November, Government figures have shown.
The average UK house now costs £200,454, 0.6% more than in November 2008, according to Communities and Local Government (CLG).
It is the first time that annual house prices inflation has been positive since June 2008 as the property market continues to recover.
But separate research from the Royal Institution of Chartered Surveyors (RICS) showed that the rate at which prices are increasing slowly during December as the gap between supply and demand narrowed.
Thirteen per cent more surveyors expect further price rises during the coming three months than those who think there will be falls, but only 6% more expect sales levels to continue rising, down from a balance of 20% in November.
Share |