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New data suggests property market may be bottoming out
Morning Report
English - June 13, 2023 19:35 - 3 minutes - 2.96 MB - ★★★★ - 11 ratingsNews Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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New property price figures out today suggest the market could be bottoming out. CoreLogic's interactive Mapping the Market tool shows that around twelve percent 12% of the suburbs it tracks saw increases in median value over the past three months. The trend has been most pronounced in Northland and the Kaipara District. But hundreds of other suburbs, especially in areas such as Wellington, remain "soft". Kelvin Davidson is the chief property economist at CoreLogic.