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Total dwelling approvals increase by more than 17% after falling by 20%, data shows.
The regulator said this aligned with their expectations following two consultation periods.
The trend may continue as expectations grow that the cash rate is not likely to rise anytime soon.
Barfoot & Thompson says sales for Auckland picked up last month.
Interest rates should stay at current levels until RBNZ hikes rates in August 2019
Auckland's stable median price will be welcome news for first home buyers, says REINZ
The regulator sets out its priorities for the coming year
The scheme has launched its pre-qualification portal, but is also reminding Kiwis not to forget the magnitude of a home purchase