New Zealand’s banks have promised to be sympathetic and supportive to borrowers who may face financial stress due to rising interest rates. In its most recent Financial Stability Report, released earlier this month, the Reserve Bank of New Zealand said that while the financial system was in good shape (see previous story), rising interest rates…
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Despite the national average asking price hovering around $920,000 in October, buyers can enter the market at a much lower price, according to realestate.co.nz. The most common price range search on realestate.co.nz is between $600,000 and $800,000, which indicates many people’s budget. In October, six regions across New Zealand had average asking prices sitting under…
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With property prices falling in much of New Zealand, conditions have arguably turned in favour of first home buyers. That might be why CoreLogic analysis has found that first home buyer market share has been increasing. First home buyers made 23% of purchases over the first half of the year and 24% in the third…
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We never appreciate the value of our home more than when we are surrounded by family. And Thanksgiving is the most special occasion when our families come together. No matter how many folks are coming to your home this year, hosting is a responsibility we all take seriously. You’ll want your home looking perfect and…
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It’s a lot of fun to redecorate if you’re bored with a room or you’ve just bought a new home and want to add some of your personality to it. Sometimes, though, it’s hard to know where to start. Common questions include: “what are the best colors?” And: “how can I best convey my style…
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Fall often presents unique opportunities in the real estate market. As the busy summer season winds down, buyers may find themselves in a favorable position. Here are six reasons why fall can be an excellent time to search for a new home or re-enter the market after initial setbacks: Changing Inventory Fall often sees new…
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A favorite improvement to older kitchens is the installation of an island bench: a modern, fashionable upgrade that can transform the atmosphere of the entire house. Days of working in the kitchen with your back to everyone else will be over. An island bench makes a kitchen more than a space to prepare food. It…
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If you’re preparing to sell your home in the next few months, you may find that making your move this winter rather than waiting for a spring campaign will deliver a better result. The theories and myths of real estate suggest spring is the best time of year to sell your home. But actually, there’s…
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Winter is always a challenge for your garden, but there are several steps you can take to protect it from frost and snow. If you’re considering putting your property on the market in the next few months, you don’t want to go to the expense of replacing plants that couldn’t make it through the winter.…
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House-hunting requires time and effort and there’s nothing more exciting than finding your dream home. The best way to fast track this process is to make a list of your priorities before even stepping out the door to go and see a property. Knowing your “must-haves” and nice-to-haves” helps ensure your agent only shows you…
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