Constant discussion about how property has become unaffordable for Millennials and Gen Z has prompted regular market research to uncover the attitudes and aspirations of younger buyers. These reports offer fascinating insights, especially if you’re about to downsize and sell your family home because these two generations are your most likely buyers. First-time buyers currently…
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Leading real estate marketplace Zillow has reported a 7.3% fall in the number of its listings for August as sellers take stock in the aftermath of the summer selling season. Inventory remains 15% above its level 12 months ago, providing buyers with plenty of choice and a healthy negotiating position. Currently, 20% of all sales…
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Housing prices are predicted to rise by more than 5% next year in a landmark real estate report issued by Westpac NZ. Its chief economist Kelly Eckhold says in his latest report that prices should remain stable for the rest of this year and are unlikely to rise sharply in the spring selling season. “Investor…
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Increasing affordability is the main positive to be taken from the latest data on New Zealand’s real estate market. For the three months to the end of August, New Zealand’s average price was $957,000 – the same level of two years ago. Amid economic concerns, buyers with the courage to strike out now have a…
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Limited stock of homes for sale is helping to push values higher as the spring selling season gets into full swing. Deal values have continued to edge higher every month since February, according to the latest data from industry researcher Cotality (formerly CoreLogic). The market has registered another 0.7% upswing for August. For metropolitan areas,…
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The industry research is clear cut – prices are rising consistently at 0.7% a month, and there are approximately 20% fewer properties on the market this spring than the five-year average for this time of year. That’s tough news for buyers. While we’ve experienced three interest rate cuts since February – and all the major…
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Buying the first family home is a landmark moment in most people’s lives. For Australians, it’s seen as a rite of passage. Having somewhere to raise your children is a fundamental pillar of our society. Buyers are right to want to take their time and make the right choice. For some families, you may stay…
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Buying an apartment requires a different approach to purchasing a house – you have an ownership structure to consider, along with strata fees and investment potential. In today’s fast-paced market, an increasing number of first-time buyers and investors are now tailoring their expectations to encompass apartments. As house prices accelerate in the current climate, an…
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With mortgage rates holding stubbornly at around 6.75%, first-home buyers continue to face a tough challenge to break into the property market. Only a few weeks ago, the National Association of Realtors (NAR) called for an increase in the building of new homes for first-time buyers following its own report that revealed existing homes were…
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With America’s population aging, the supply of suitable accommodation for downsizers is becoming an emerging issue. Our population is aging due to the retirement of the large Baby Boomer generation and increased life expectancy. The proportion of Americans aged 65 is projected to reach 20% by 2030. Centenarians could quadruple over the next three decades.…
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