The rising cost of construction materials is finally coming off the boil. And that spells good news for house-and-land package buyers and those prepared to purchase either vacant land or demolish an older home to start again. The price pressure on construction materials began in June 2019 and hit the headlines during Covid. Quarterly price…
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As we approach the end of the year, it’s worthwhile taking stock of what has been a rollercoaster ride of emotions for real estate buyers and sellers. It culminated in three influential industry associations recently joining forces to persuade the Biden administration to urgently address home ownership affordability. The historically wide gap between the interest…
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Property market conditions can vary significantly, often presenting unique challenges for homebuyers. Navigating the real estate landscape requires careful consideration and preparation, regardless of current trends. The situation isn’t impossible, but it’s not helped when hikes in mortgage costs and, more significantly, the fact that owners stay out of the market. As a buyer, this…
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The luxury property market continues to show impressive strength, backed by several celebrities who are making their moves. If you’re feeling tentative about putting your home on the market, perhaps you’ll be swayed by these superstars. Goodbye Yellow Brick Road Elton John has put his two-level Atlanta condo on the market. It’s on the 36th…
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American property prices continue to defy the gravity of higher mortgage costs with values rising for a fifth consecutive month. While sellers are staying away in historic numbers, the average price of property has increased 1.9% in the past 12 months, according to the Case-Schiller index. The National Association of Realtors (NAR) has added further…
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If you’re a first-time buyer, you’d be excused for looking for any market statistic that will offer a positive outlook. Buying your first property is a wonderful time in your life, but it can come with the challenges of finding the right property and making sure you beat other buyers to the prize. As we’ve…
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Investors across America are still enjoying a boom in rental earnings according to the latest report from the real estate brokerage, Redfin. Average rents are just $2 a month down on the record prices that were set last year at the height of the post-Covid inflation spike when rents were rising by more than 12%.…
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With New Zealand just days away from an election that the Nationals are tipped to win, it’s worth pausing to consider the party’s proposed tax policy that is said to open up 50,000 homes to foreign ownership. While this has gained much attention in real estate circles, it will likely affect only 3% of the…
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Optimism about the New Zealand property market is back with market pundits telling one news poll that prices might jump up to 6% next year and again in 2025. As we all know, prices have fallen by double-digits since their peak in November 2021: a consequence of a 20-month campaign to raise interest rates to…
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The performance of Australian real estate continues to confound and confuse the pundits with news that the market’s entire value has once again broken the $10 trillion barrier. What does that mean for you? For owners, your faith in real estate as an investment has been rewarded with the latest data suggesting values have increased…
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