Lack of supply still pushing house prices up.

The number of residential properties sold last month across New Zealand was the highest for an April month in 5 years with 7,218 properties sold, according to the latest data from REINZ.

March was an eventful month in the property market following the government’s announcements. These created a lot of debate and uncertainty along with confusion and pondering while we wait to see what their final decisions are once the consultation period has finished.