Try the new look Quarterly Economic Monitor here.

Timaru District Quarterly economic monitor - September 2020

| Portal

House sales

Dashboard comparator:

Highlights for Timaru District

  • House sales in Timaru District in the year to September 2020 decreased by 12.3% compared with the previous year. Growth underperformed relative to New Zealand, where sales increased by 1.1%.
  • A total of 791 houses were sold in Timaru District in the 12 months ended September 2020. This compares with the ten year average of 882.

National overview

The number of houses sold in the year to September 2020 was sitting 1.1% higher than the same period a year earlier. Growth in sales has been particularly high through the last couple of months, as prices race ahead and interest rates fall lower, encouraging even more buyers into the market. We expect real estate activity to remain hot through summer, as buyers look to take advantage of record low interest rates before loan to value ratio restrictions return.