With interest rates in full retreat, Kiwi confidence in the property market grows stronger with every month that passes. The number of successful sales has increased 3.4% on last year’s numbers, and the average value rose 0.4% in the three months to March. The average property in New Zealand is now worth $970,000. Our property…
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New Zealand property buyers enjoyed more good news with another cut in the Official Cash Rate (OCR). The Reserve Bank of New Zealand took the knife to the OCR for a fifth time since last August, reducing the rate 0.25% to 3.5%. Determined to spark up emerging economic growth and support the five-month momentum of…
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Preparing your home for sale is more than simply tidying up and giving the place a good vacuum if you want to maximise the value. It’s a great idea to focus on the rooms that have real selling power. For most homes – apartments and houses – these are the living areas, bathrooms and kitchen. …
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As a serious property investor, you’re likely to be well-versed in the need to diversify not only the types of property in your portfolio but also their locations. These two factors should dominate your strategy in the same way that your tactical choices are influenced by the potential for capital growth and rental yields. All…
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Selling your home in the depths of winter might seem daunting, but with the market striking a positive note since the New Year, your timing could not be better. You can safely put aside any doubts about a winter sales campaign. As any real estate agent will tell you, there’s never been a bad time…
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For many Australians, and especially first homebuyers, the belief that purchasing property is a great way to build your wealth is foundational. While we all realise real estate has its ebbs and flows – like any other market – society has taught us that property is a solid investment for our futures. It might not…
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Are you one of the thousands of buyers who attend an open home and immediately begin to visualise where you’d put your furniture? Encouraging buyers to picture themselves living in a property is an essential strategy for sellers. Their agents tell them to declutter and depersonalise their apartments or houses so prospective buyers do not…
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Buyer optimism and an interest rate cut have seemingly reversed the small dip in average Australian property prices that we witnessed at the end of last year. Once again, property values are on the rise and both the Sydney and Melbourne markets appear to have turned the corner. Industry researcher CoreLogic reports that values rose…
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Your home is probably your most significant financial asset, and it would make sense that you’d spend time maintaining it to head off small issues before they become big, expensive problems. If you’re already feeling a little guilty and admitting to yourself you could be more proactive, you’re not alone. New research suggests 84% of…
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The humble fixer-upper apartment or house is always a target for buyers seeking to either enter the property market or renovate and re-sell for a quick profit. The logic of buying a property that needs TLC seems undeniable. But like many things in life, it’s not always that simple. Labour costs and availability have become…
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