New Zealand Housing Market Has Entered Upturn, CoreLogic Says
March house prices were 3% lower than a year earlier, the report showed.
Photographer: Fiona Goodall/BloombergNew Zealand’s housing market has entered its next phase of growth as lower interest rates begin to stoke demand and drive up prices, according to property agency CoreLogic.
Prices rose 0.5% in March, the strongest increase since January last year, CoreLogic New Zealand said Thursday in Wellington. That follows a 0.4% gain in February and a flat result in January, it said.