House Prices Reach Record

In a article attached it shows the chronic lack of housing and high prices for homes in Auckland is pushing up house prices nationwide.

Investors and first home buyers are looking at homes outside Auckland as a cheaper more affordable way of either increasing their property portfolio or getting into homes they can afford.

Average median house prices increased by 8.2 per cent nationwide with record median house prices achieved in four of the 10 main regions.

Lower interest rates are being considered at present to entice home buyers .

One thing is certain from these figures other areas in the country are also on the move upwards.

Please click onto the link to read more Renovating A HouseHouse prices reach record in four regions – Yahoo New Zealand