Even as the Reserve Bank of New Zealand retains interest rates at a stubbornly high 5.25%, the momentum of the real estate market is swinging towards the buyers. More than 40,000 homes are now for sale across New Zealand, an annual increase of 13.5%, according to the latest OneRoof-Valocity House Value Index. New listings for…
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There are a thousand questions to be asked when buying property, but one query dominates them all right now: when will interest rates come down? The current Official Cash Rate (OCR) is 5.5%, and the Reserve Bank of New Zealand (RBNZ) is giving little hint of when it will start making cuts that will boost…
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Property prices are powering ahead as buyers in the autumn selling season continue to display optimism ahead of predicted interest rate cuts in the second half of the year. In the first 12 weeks of 2024, prices have increased by 1.6%, according to the Home Value Index run by industry researcher CoreLogic. A rise of…
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Community concern about the state of the housing market in Australia has been highlighted by a recent poll of Guardian Australia readers. They expressed concern over rising prices, higher rents, the lack of new homes being built, and the absence of radical thinking to solve these problems. As an experienced agency in your area, the…
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Approvals for residential apartments have fallen into a slump, according to the latest figures from the Australian Bureau of Statistics. While approvals for private residential homes rose 10.7% or 12,520 homes, the number of apartments going ahead fell by 24.9%, according to the seasonally adjusted figures for February. This means there were 3,771 fewer apartments…
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The opportunity to take part in a shared equity initiative run by Canada’s federal housing agency has closed, reducing assistance options for first-time buyers. Canada Mortgage and Housing Corp wrapped up the program, called the First Time Home Buyers’ Incentive (FTHBI), on March 31 and will no longer accept applications for assistance. Established in September…
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The big question Canadian homeowners continue to ask about the real estate market focuses on finance rather than the quality of available homes, the best locations or the most profitable areas for investment. Instead, agents at our brokerage often field questions relating to mortgage costs and when interest rates are likely to come down. The…
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Many Canadians are beginning to think outside of the box in an effort to achieve their dream of property ownership according to a new survey. With the market still delivering strong values against a background of high-interest rates, an increasing number of people are investigating innovative strategies to purchase a home. A new real estate…
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Despite the strength of Canadian property prices, a new survey says many Gen Z and Millennials remain optimistic about their chances of owning their own home. As an experienced local brokerage, our agents can see how the high level of interest rates is holding many back from making a purchase or selling in the current…
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Property prices are starting to strengthen after a tricky few years, and the pent-up demand exhibited by buyers means new sales are outstripping the number of homes coming onto the market. As an experienced brokerage, we believe it’s important to speak to a broker or agent to better understand the buying and selling dynamics of…
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