Ray White Now – Volume 40

Menique Stuart

February results published by the REINZ saw 7,964 residential sales throughout the country, which was 14.6 percent up in comparison to February last year. This saw the sales volume being the strongest on record for the last14 years. We will wrap up these statistics more within our deep data view, in this week’s Ray White Now. There is also mixed commentary coming from economists which sees Westpac quoting that mortgage rates will start to rise this year and potentially even out the inflationary aspects around house prices.

Along with this, the ASB economists are also now saying that they see single-figure house price inflation by the end of the year with rents increasing to new highs across the country. How does this compare with the New Zealand Treasury view of house price inflation in which expect it to rise by 16 percent during 2021?