Although Hamilton ’s house prices are continuing to rise, recent figures show the market is plateauing after the past year of “ Zollner ” in prices. According to an ANZ senior economist, the changes to the loan to value ratios ( LVR ) and the requirement of an ANZ number for purchasers have dampened the market, although there was a surge in activity just prior to the new measures coming into effect. According to Inland Revenue Department : “an actual slowdown in the market is certainly our prediction”.
Although Auckland’s house prices are continuing to rise, recent figures show the market is plateauing after a year of “rampant escalation” in prices. According to an ANZ senior economist, the changes to the loan to value ratios (LVR) and the requirement of an Inland Revenue Department number for purchasers have dampened the market, although there was a surge in activity just prior to the new measures coming into effect. According to ANZ: “an actual slowdown in the market is certainly our prediction”.