Although Auckland ’s property prices are continuing to rise , recent figures show the market is plateauing after a year of “ rampant escalation ” in 2008 . It's a matter for the sellers having the understanding that the market isn't on the same projected path that it was a couple of months ago. According to an independent senior economist , the changes to the loan to value ratio ( LVR ) and the requirement of an Inland Revenue Department number for purchasers have dampened the market , although there was a surge in sales just prior to the new measures coming into effect . According to ANZ : “ an actual slowdown in the market is certainly our prediction ” .
Although Auckland ’s property prices are continuing to rise , recent figures show the market is plateauing after a year of “ rampant escalation ” in 2008 . According to an independent senior economist , the changes to the loan to value ratio ( LVR ) and the requirement of an Inland Revenue Department number for purchasers have dampened the market , although there was a surge in sales just prior to the new measures coming into effect . According to ANZ : “ an actual slowdown in the market is certainly our prediction ” .