After months of owners holding onto their properties tightly and bolstering prices, the pendulum is swinging back in favour of buyers, and especially for Kiwis who are seeking to upgrade. The recent 0.25% reduction in interest rates – the Official Cash Rate (OCR) has now fallen from 5.25% last August to 3.25% – is offering…
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As we head into winter, the New Zealand housing market is full of mystery and intrigue. Trying to find the perfect time to buy and sell a home has rarely been harder if you believe you can read the tea leaves of our real estate market. We’ve been helped by the recent 0.25% cut in…
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New Zealand property buyers enjoyed more good news with another cut in the Official Cash Rate (OCR). The Reserve Bank of New Zealand took the knife to the OCR for a fifth time since last August, reducing the rate 0.25% to 3.5%. Determined to spark up emerging economic growth and support the five-month momentum of…
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With interest rates in full retreat, Kiwi confidence in the property market grows stronger with every month that passes. The number of successful sales has increased 3.4% on last year’s numbers, and the average value rose 0.4% in the three months to March. The average property in New Zealand is now worth $970,000. Our property…
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Surging listings and forecasts of even lower interest rates are powering the resurgence of the New Zealand property market. And bellwether market Auckland is back. Its average sale price is up 1.2% to $1.303 million, and its prestigious suburb of Matakana recorded quarterly value growth of 5.6%, putting the average price of a home above…
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New Zealanders’ optimism about the housing market continues to rise with more owners opting for a variable mortgage rate rather than locking one in. Almost one-third of Kiwis (31.8%) have now opted for a floating rate in the belief there are more cuts to come from the Reserve Bank of New Zealand (RBNZ). Commentators are…
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The average price of a home in New Zealand is on the rise, and the latest 0.5% cut in the Official Cash Rate (OCR) is likely to add to the momentum of the real estate recovery. Even before the Reserve Bank of New Zealand got out its knife to reduce rates for the fourth time…
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Another reduction in interest rates has given the New Zealand real estate market an additional shot in the arm. Real estate agents are reporting the 0.5% reduction in the Official Cash Rate (OCR) to 3.75% has sparked an immediate response from first-home buyers. While this is only anecdotal evidence, data over the longer term suggests…
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If you believe selling in summer will help you achieve the optimum price for your property, it’s not too late to catch the last few weeks of warm weather to impress potential buyers. Late summer can be a strong time for sales, especially for homes that feature a great swimming pool, outdoor entertainment area or…
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The Kiwi property market enters 2025 in an environment of falling interest rates, new lending rules, economic challenges and an increasing number of properties coming onto the market. It’s a lot to take in. After a tough couple of years for upsizers and aspiring first homebuyers, our real estate scene is finally loosening up thanks…
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