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Hutt’s property market follows sluggish trend

Nov 9th, 2012 | By | Category: Radio News

HUTT VALLEY’S property market is following the sluggish trend of the rest of the Wellington region.

Property values across the wider Wellington area are down five-point-one percent  from their peak five  years ago. That compares to Auckland and Christchurch, where property values have risen for the same period.

Real Estate Institute spokesperson Euon Murrell (PRON Ewen Muh-rell) says a lack of job security in the area is making people hesitant to buy or sell their homes.

FW: It really is…

LW: …huge numbers.

DUR: 12 sec

Euon Murrell says he expects the property market to bounce back once the job market stabilises.

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