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NZ: Rental demand boosts market

Posted on 12 December 2012

There is renewed buoyancy in the South Canterbury housing market, the latest real estate figures show. More properties are selling faster and for a higher value. And it seems the boom is set to continue. There were 76 properties sold in Timaru in November at a median value of $239,000 - $13,000 up on the previous month.
The properties took an average of 29 days to sell, according to the Institute of New Zealand’s (Reinz) November figures. A further 45 properties in South Canterbury sold at a median value of $215,000 - the same value as the previous month. The properties took 58 days to sell………………………………………..Full Article: Source


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