With pressure on the Federal Government to encourage the building of more homes to ease price pressures and the historically tight rental market, new data reveals a slowing in residential construction. The Australian Bureau of Statistics has reported the total number of dwellings approved fell in April. Daniel Rossi, the ABS head of construction statistics,…
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If you’re considering putting your property on the market in the next few months to catch the spring selling season, you’ll likely be researching New Zealand’s real estate trends. With house prices still averaging $975,000 and rising nationally by 3.3% year-on-year, you’d be right in thinking we have a solid, if not spectacular, market. Yet,…
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American homeowners continue to see the value of their homes rise as buyers remain poised for the beginning of interest rate reductions by the Federal Reserve. Anticipated falls in mortgage costs have yet to materialize as the Fed remains concerned about the risk of inflation due to the nation’s strong economic performance and buoyant employment…
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In a sign we’re experiencing a calm before the storm, new data shows the Canadian property market is edging slightly down as buyers welcome a reduction in our 20-year-high interest rate. While the Bank of Canada’s 0.25% interest rate reduction will not substantially move the market, the BoC’s declared intention to reduce mortgage costs has…
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As young Canadians continue to grapple with property prices that spiked during the pandemic, a new survey has found first-time buyers are getting more help than ever from their parents. Almost a third of first-home buyers have already received financial assistance from family members this year, according to a survey by the Canadian Imperial Bank…
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The cut in the interest rate at the beginning of June has been welcomed by homeowners and those trying to break into the market. It wasn’t borrowers’ complaints who forced the Bank of Canada (BoC) to act, but the fact we achieved an inflation rate within the target band of 2-3%. Our Consumer Price Index…
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The latest figures from the OneRoof-Valocity House Value Index reveal a shift in power towards buyers, driven by a surge in listings and the lingering effects of high interest rates. While New Zealand’s average property value increased modestly by 0.4% to $977,000 in the last quarter, the number of homes for sale has soared, exceeding…
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The New Zealand property market is about to undergo a seismic shift. From July 1, the bright-line tax rule for property investors and holiday homeowners will change from 10 years to just two years. Any property (other than your primary residence) sold within two years of purchase will trigger a capital gains tax on the…
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The Canadian housing market recorded mixed results at the end of the spring selling season. While some provinces saw record-breaking average home prices, others experienced a downward adjustment. Our market is stabilising with the number of sales and their prices levelling off in many areas. As an experienced local real estate agency, we believe the…
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Annual consumer prices are continuing to fall, and that’s good news for property buyers and sellers hoping to see a cut in interest rates in the near future. Statistics Canada says the April annual inflation reading was 2.7%, down from 2.9% in March. A 1.4% drop in food prices helped achieve this positive result. However,…
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