Market dynamics highlight wealth gap
Atom Go Tian Senior Data Analyst Ray White Group
In just one decade , the New Zealand housing market has experienced a seismic shift .
Two-thirds of all homes in 2013 were prices and sold below $ 500,000 . Fast-forward ten years and that figure has plummeted to just 14 per cent , marking a 51 per cent decline in market share .
However , it ’ s not simply a case of prices soaring . Rather , the market is tightening its grip , with the availability of properties within certain price brackets becoming increasingly scarce .
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