With today’s real estate market experiencing ebbs and flows on an almost monthly basis, sellers often ask me about the profile of a typical buyer. Usually, they’re seeking information that will help them prepare their home for sale and a guide for how long it might take to strike a deal. In our neighborhood, there’s…
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Optimism for a big rebound in New Zealand property prices have increased with a third successive cut in interest rates. Our Official Cash Rate (OCR) has dropped a further 0.5% to 4.25% – the third successive reduction by the Reserve Bank of New Zealand. While it’s too soon to see evidence of the latest cut,…
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Property values are starting their return to normal growth patterns, according to data released by the Real Estate Institute of New Zealand (REINZ). Average prices rose 1.5% over the three months to the end of October. This is a welcome turnaround after seeing drops of -0.6% and -0.3% in the previous two quarters to July…
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Property values depend on a number of factors – the health of the economy, confidence in the employment market, affordability of interest rates, price trends and the number of new homes being completed. The supply factor – the number of homes being built – continues to be a huge political issue in almost every mature…
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Traditionally, the “Great Australian Dream” has been a home on a quarter-acre block. Today, we’ve shifted our standards, and many buyers will gladly swap the space for the luxury of a swimming pool. However, buying a home with a pool can be a tricky business. If you’ve found an ideal property that has an aging…
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With the summer break beckoning, many homeowners will be planning to spend some time with a paint brush to give their home a facelift. Many of them will be doing so with the intention of putting their properties on the market for the late-summer and early-autumn sales season. With interest rates still at 4.65% –…
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Summer is here – and it’s the perfect time to put your property on the market. Price expectations among sellers remain strong after 21 months of successive value increases. And the environment of mortgage serviceability remains consistent despite our disappointment in the failure of the Reserve Bank of Australia to reduce interest rates. If you’ve…
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Building wealth through property is a well-established financial principle, and the latest survey from industry researcher CoreLogic underlines the validity of this belief. Homes selling in the June quarter delivered an average profit of $285,000 to the seller, according to the latest CoreLogic figures. Whether you’re a professional investor or the owner of a home,…
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Australian values continued their incredible run of growth, notching up the 21st month in a row that deal sizes have risen. And this winning streak came despite the first dip since January 2023 in the bellwether market of Sydney, which declined a miniscule 0.1% in the latest Home Value Index published by CoreLogic. The affordable…
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While real estate values at the elite end of Australia’s market are experiencing a slight dip, that’s not true for properties being targeted by first homebuyers or investors. At the affordable end of the housing and unit markets, prices rose 0.5% in October, according to the latest data from industry researcher CoreLogic. First homebuyers and…
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