Otago Property Investors Association Inc

03 4776-220

otago@nzpif.org.nz

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06-08-2012

Bank stats show we're a nation buying houses

Landlords.co.nz

New Zealand’s resurgent property market is evident in the latest Reserve Bank statistics, showing the number and value of home loans issued across the country.

The number of home loans approved last week was up 33.6%  on the same week the year before, and the value of approvals was up 49.6%.

Loans issued last week were worth $1148 million, compared to $832 million for the same week in 2011.

But while up substantially on a year-on-year basis, last week’s loan value was down on the $1361 million issued in the week to June 29.

Source: Landlords.co.nz

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