American economist and financial expert Nouriel Roubini, dubbed Dr Doom who had predicted last decade's global meltdown has now picked New Zealand as having one of the world's most uncertain housing markets.
Property IQ, a property information, data and analytics company released a detailed analysis of first home buyer behaviour showing how all the action is centred around Auckland's fringes.
Though the Reserve Bank's home loan speed limits emerge to be having an effect on New Zealand's housing market yet economists are of the opinion that the real picture will not emerge until November's figures are released.
The central bank this week released statistics relating to its high loan-to-value ratio (LVR) mortgage lending, otherwise known as low-deposit lending.
Statistician of Statistics New Zealand is of the opinion that the house-building sector's growing luck is toppling, with data showing the rate of increase sliding.
The government statisticians says the trend for new houses is at its highest level in more than five years and up 65% from its recent low point seen in March 2011. However, the growth rate has been noticed to be slowing down in recent months.
The government-owned companies Fannie Mae and Freddie Mac is moving ahead with their plans to scale back their financing of apartment-building loans sometime next year, recoiling what opponents describe as a significant support for rental housing.
Fresh figures by the Real Estate Institute today revealed that the number of farms sold for the three months to the end of October compared to the same time last year were 93 more in number.
This indicates an increase of just over 36 per cent.
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