$1 billion record for 'quiet' housing month
Real estate agent Harcourts clinched a record $1 billion in property sales in July - usually the quietest month of the year.
Monday, September 1st 2003, 4:09AM
by The Landlord
Harcourts chief executive Bryan Thomson said its sales in New Zealand rose 37 per cent to 3025 compared with July last year. Fuelling demand was a 27 per cent drop in the number of properties on the market, which helped boost the average sale price 20 per cent to $229,000.
"Prices continue to be influenced by buyer demand and confidence," he said. A strong employment market, low interest rates and strong immigration also helped.
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