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New Zealand house sales jump as finance minister warns on prices

Posted on 12 April 2013

New Zealand house sales rose to the highest in almost six years as prices surged, adding to a property market boom that Finance Minister Bill English said might trigger an earlier increase in interest rates.
House sales climbed 11 percent from March last year to 8,128, the most for a month since May 2007, the Real Estate Institute of New Zealand said in an e-mailed statement. House prices advanced 8.6 percent from a year-earlier, led by a 16 percent jump in Auckland, home to a third of the nation’s 4.4 million people………………………………………..Full Article: Source


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