Slow but steady gains seen in housing market

ANZ chief economist Cameron Bagrie

House sales volumes and selling prices are starting to succumb.

The property market is buoyed by rising net immigration, an improving labour market and low housing stock.
There are indications that change is imminent with a turnaround in interest rates and signs that the labour market may be cooling. There is an increasing likelihood of a further hike in the Official Cash Rate next month.
Real estate turnover has slowed in conjunction with
North Shore Regional Focus
A combination of demographic, lifestyle, business and locational advantages make Auckland’s North Shore a desirable place to live and work, a situation which has positioned the region’s property markets well to take advantage of the improving economy.
North Shore City is the fourth largest city in the country and it has continued to experience strong population growth over recent years. North Shore City Council estimated in 2009 the resident population to have reached over 225,000, an increase of nearly 10% since the 2006 Census.
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