Housing prices are predicted to rise by more than 5% next year in a landmark real estate report issued by Westpac NZ. Its chief economist Kelly Eckhold says in his latest report that prices should remain stable for the rest of this year and are unlikely to rise sharply in the spring selling season. “Investor…
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Increasing affordability is the main positive to be taken from the latest data on New Zealand’s real estate market. For the three months to the end of August, New Zealand’s average price was $957,000 – the same level of two years ago. Amid economic concerns, buyers with the courage to strike out now have a…
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A major challenge for the real estate market has been persuading empty nesters to sell the family home and downsize. Stamp duty on the purchase of a new home – a tax that can get into six-figure territory – is the key reason why older Australians are refusing to sell their family homes. In the…
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The big change first-time buyers were promised at the last Federal election has arrived. From the start of this month, young buyers can access a home loan with a 5% deposit and avoid punitive mortgage insurance that can cost tens of thousands of dollars. Currently, Lenders Mortgage Insurance (LMI) is compulsory if a buyer has…
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Limited stock of homes for sale is helping to push values higher as the spring selling season gets into full swing. Deal values have continued to edge higher every month since February, according to the latest data from industry researcher Cotality (formerly CoreLogic). The market has registered another 0.7% upswing for August. For metropolitan areas,…
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More homes are coming onto the market from a surprising source. A new survey has found more than half of Canadians who own a property in the United States are intending to sell up and stay behind the border to our north. The study, conducted by the Canadian real estate services provider Royal Le Page,…
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Average values for existing homes are on the rise and the National Association of Realtors has reported a year-over-year 2% increase in deals for July, putting America on track for an annual sales volume of 4.01 million for 2025. NAR said the median average value for a family home rose 1.7% year-over-year to $429,400 –…
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Leading industry researcher Cotality has published new research stating buyers are finding the process of a home “overwhelming” and more than 90% say they have had “at least one moment of doubt” during the transaction. The survey found issues tended to be grouped along generational lines. For example, Baby Boomers don’t love using the portals…
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Everyone is talking about Tay Tay getting married – even in real estate circles. The mega-songstress has an awesome reputation for loving and buying property – and it’s no surprise property writers have been playfully wondering about the location and magnificence of the marital home she’ll share with Kansas City Chiefs tight end Travis Kelce.…
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Every market moves in cycles and the current environment requires a little more work to strike a deal if you’re the seller. The Royal Bank of Canada says our real estate market is improving, but its return to prosperity is likely to be gradual. For sellers, it’s more important than ever to find an agent…
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