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Prices are low, but there’s plenty of red tape
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Quarterly Rank: 11
Quarterly Price Change: 1.3%
Annual Rank: 9
Annual Price Change: -1.3%
The New Zealand housing market is expected to flatten as Christmas approaches, rather than witness further growth, as credit growth remains weak. Recent house price rises have been attributed to the lack of listings coupled with low interest rates. Yet a reported rise in listings this past September suggests that real estate supply is now improving.