When you begin hearing optimism about our property market from generally conservative institutions such as the Bank of New Zealand, you can be confident that light is finally entering the real estate tunnel. BNZ has been unerringly accurate in its forecast for property values and consistent in its prediction the market will turn around in…
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The tide continues to turn for New Zealand property prices, meaning first-time buyers should begin planning their move before the value recovery starts to pick up pace. A total of 14 territorial local authority areas registered an increase in residential prices, according to a June market survey issued by OneRoof. Its Valocity House Index shows…
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Downsizing is a common trend among homeowners, particularly those approaching retirement or experiencing lifestyle changes. This shift can offer financial benefits and a simpler living arrangement that better suits evolving needs. As an experienced local agent, I’ve observed that cash transactions often increase during periods when financing becomes more challenging. This trend can benefit those…
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In many real estate markets, the number of homes for sale can fall below historical averages, creating a competitive environment for buyers. When inventory is low and demand is high, potential homeowners often find themselves navigating bidding wars. Understanding this landscape and having a solid strategy can make all the difference in securing your dream…
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Rental revenue continues to rise across Australia, giving fresh impetus to the property investment scene. Whether you’re thinking about growing your portfolio or starting out as an investor, the trend in rents indicates that great opportunities may be available. Rental incomes are being supercharged by a post-Covid surge in overseas migrants and international students, according…
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Confidence continues to return to the property market despite the continued pressure on mortgage costs, according to the latest figures from the Australian Bureau of Statistics. It looked at the number of new loans that are being issued and found an uptick of 4.9% for March compared with the previous month. That represents a value…
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The rent increases we’re witnessing nationwide have been a relief to some financially-squeezed investors as maintenance costs and interest rates continue to climb. But if you’re considering hiking your price, be aware there’s a right and wrong way of going about it. If you use a property management team, you should talk to them about…
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The outlook for apartments has improved as the financial world predicts the burgeoning inflation that has forced up interest rates may be close to peaking. Prices for units have increased for the first time in 11 months, according to researcher CoreLogic. News of the 0.6% uptick in values comes as separate data shows investor income…
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Many investors and homeowners will have kept a keen eye on the recent Federal Budget to see if it will ease some of the challenges caused by 12 months of interest rate rises implemented to tame inflation. This snapshot looks at the Budget’s leading programs aimed at encouraging investors, helping first-time buyers and committing to…
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Since the Covid-19 pandemic reached our shores, one of the big points of focus for many buyers has been finding a property with space to work from home comfortably. Anyone who perched around the dining table, jostling for space as their children did their homework, knows the importance of work-from-home space. The Australian Taxation Department…
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