A new report has revealed that the majority of property sellers are making a profit on their sales, despite the market’s recalibration due to rising inflation and higher mortgage costs. Some 96% of owners who have sold recently made a profit on their transaction, according to researcher CoreLogic NZ in its residential Pain and Gain…
Read more
There are two numbers that every owner, buyer and seller is keeping a keen eye on these days: the inflation rate and rising mortgage costs. As many of us are acutely aware, the Reserve Bank of Australia has increased interest rates 10 times in the past 12 months to fight post-pandemic inflation. Now, we may…
Read more
We all love the occasional dose of celebrity gossip, and it’s been fascinating to watch some of Hollywood’s biggest stars trying to sell properties and avoid a “mansion tax” implemented in the City of Los Angeles. Among the superstars who’ve called their real estate agents are Britney Spears, Jim Carrey, Kylie Jenner and Mark Wahlberg,…
Read more
The recent sharp fall in property prices which was triggered by interest rate rises has now flattened, according to the latest industry research. CoreLogic’s March housing market update shows national prices dropped an almost imperceptible 0.14% in February, the smallest monthly fall since the Reserve Bank began hiking interest rates last May. CoreLogic also reported…
Read more
Recent global events have significantly impacted various sectors of the real estate market, potentially creating new opportunities in housing. Here’s an overview of the current situation and its implications: Market Shifts Commercial Real Estate: Many urban areas have seen a decrease in demand for commercial spaces, particularly office buildings and retail locations. This shift has…
Read more
Property market insights released in March by realestate.co.nz suggest the number of properties for sale in February was up 25% on the previous 12 months. The 29,000 homes on the market was the highest figure since 2015. While this is great news for buyers, owners have responded to the conditions by delaying their decision to…
Read more
The first signs of a turn in fortunes for the property market are starting to appear, giving hope that values might begin to recover this year. National immigration numbers have quickly reversed their negative trends, which will positively impact demand within the real estate market. From losing 16,000 people a year in the Covid aftermath,…
Read more
News that electricity bills will rise on July 1 will concern many homeowners already challenged by servicing their mortgages. The Australian Energy Regulator (AER) has released its price caps for NSW (+23.7%), SE Queensland (+19.8%) and South Australia (+21.8%). Victoria’s Essential Services Commission (ESC) has also proposed a 30% increase, which would hike an average…
Read more
Multi-generational living arrangements are gaining popularity as families seek innovative solutions to address changing social and economic dynamics. This trend reflects a desire to maximize the value of real estate assets while accommodating the needs of extended family members. The concept of multi-generational homes is both visionary and practical, often addressing the challenges faced by…
Read more
When considering whether to sell your home or buy a property, understanding the trends and factors that influence property prices is crucial. While local market conditions are the most relevant for individual transactions, broader economic and social trends can set the tone for the overall real estate market. This comprehensive overview aims to shed light…
Read more
