The drop in residential listings in Hamilton will be a factor in forcing house prices up, said Lodge Real Estate managing director Jeremy O'Rourke. Coupled with the continuing buyer demand, the Treasury prediction that house prices will rise more than 18 per cent in the next four years is already materialising. The Hamilton market experienced a rapid decline in listings, he said. "We are still seeing a lot of outside of Hamilton buyers coming into the city. Lugton's Real Estate managing director Simon Lugton said the anti money laundering legislation, introduced in January, increased compliance and slowed new listings to market.

Source: Stuff June 24, 2019 03:33 UTC