Uncertainty among buyers and sellers about the outcome of the October election has added to the complexity of the New Zealand property market as it begins its value turnaround after a couple of tough years. Sales volumes dipped across the country in July, notably 15.4% in Auckland, as buyers and sellers wait for the poll…
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Statistics and sentiment don’t always choreograph neatly when the property market turns the corner; and that’s what we’re currently seeing in New Zealand. Buyer sentiment has increased markedly in the past few months even as the pace of value declines eases. The prospect that we’re near the end of an extended period of interest rate…
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If you’re one of thousands of homeowners who’ve just come off a fixed-rate deal with their bank, you may wonder whether entering into a similar agreement is a good idea. Lenders are using attractive fixed-rate deals to compete for customers, both first-time buyers and existing homeowners, but is the time right to enter into such…
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The spring selling season is upon us, and it will be a litmus test for assessing the strength of the Australian property scene. More properties will come onto the market in the next few months, and the big question will be whether prices can sustain recent growth trends or dip in the face of buyer…
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One of the big real estate questions during the past two years has been how rising interest rates affect property values. The impact of increasing mortgage costs is an influential factor in a homeowner’s decision to sell their existing property to either upgrade or downsize. Interest rate rises have had a fundamental impact on sellers’…
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If you’re considering putting your home on the market in the coming spring or summer selling season, you need to be well prepared for the demands of prospective buyers. We’re seeing a significant increase in buyer optimism right now, encouraging more owners to enter the market. It also means there’ll be plenty of competition among…
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More positive signs of a rebound in the property market have come with the release of figures from the Australian Bureau of Statistics (ABS) that show housing approvals jumped 20.6% in May. Figures for units and townhouses leapt nearly 60% (59.4%) to drive this result on the back of a disappointing April that recorded a…
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New data showing that rent revenue growth is easing is no reason for investors to pause their ambitions to either re-enter the market or expand their portfolio. Rising rents have helped many mum-and-dad investors, the core demographic of property investors, to cope with interest rate rises that began in May 2022. We’ve now had 12…
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We’re now into the second half of the year, and the Australian property market continues its rebound after months of doomsaying. Value growth stands at 3.5% for combined capital cities this year, and we’ve registered 11 straight weeks of 70%-plus auction clearance rates, based on figures to the end of June. The bellwether city that…
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A key plank in any investor’s strategy is thinking long-term about their property portfolio. While the economy has high and low cycles, a successful landlord will always stay the course, confident that real estate will continue to produce capital growth while benefiting from rental income and a few tax breaks. For potential property investors, or…
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