Dawn chorus: Fastest rise in 16 yrs
CoreLogic finds house price inflation in November fastest since 2004; Prices have doubled in Hamilton and Dunedin in last four years; 36 profitable foreign firms took $387m in wage subsidies
TLDR: CoreLogic data for November shows house value inflation accelerated to 2.1% in the month, which was the fastest rate since October 2004.
It found the ratio of house values to income jumped from 6.2 to 6.8 in the last year, while the average time it takes to save for a 20% deposit is now 9.0 years, up from 8.2 years in late 2019. The share of incom…
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