Housing market still red hot as auction week fires up

Housing market still red hot as auction week fires up
Under the hammer: this Herne Bay home, on Kelmarna Ave, sold over the weekend for $3.05m.
Brent Melville
The government’s moves last week to douse investor enthusiasm has done little to quell the party atmosphere in auction rooms as the housing market shifts into high gear ahead of Easter.While tax changes “won’t have been welcome”, Campbell Dunoon, auctions manager at Barfoot and Thompson, said he doesn’t expect removing interest deductibility or extending the brightline test to have an immediate impact on buyers’ appetite.Dunoon said he expects the market to adapt, as it did in Australia, where stamp duties in...

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