We note the quarterly Massey University Home Affordability report shows a 17.7% improvement over the year to May 2009.
This report takes into account house prices and average weekly wages. Put this alongside the latest data released by Statistics New Zealand showing long term migration continuing to grow and we find it hard to agree with any prognosis of a further significant demise in the residential market around the areas we serve.
Thursday, June 25, 2009
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