The recent sales results and analysis from the REIV show that different segments of the market are experiencing differing levels of demand.
Demand has cooled in the upper end of the market, as prices seem to have peaked; yet in the middle and affordable segments, demand is still quite strong.
This has occurred for the same reason that saw the market rebound so rapidly from the problems of the global economy.
Demand is underpinned by a steadily growing population and the subsequent increase in demand for housing.
The resulting disparity between demand and supply, when supported by a good local economy and low unemployment, has resulted in strong conditions for residential property.
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