If you’re puzzling over New Zealand’s real estate scene, trying to figure out whether you should jump into the market to upgrade or downsize, there are at least five factors that might be on your radar. Of course, you’ll think we’re going to list price trends as the first and foremost of an owner’s concern…
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New Zealand’s property market continues to show an uneven recovery with luxury areas breaking price records while other regionss struggle against a cocktail of economic malaise and mortgage costs. The bellwether of the Kiwi real estate scene is Auckland, and it’s experiencing fluctuating fortunes. Auckland owners will be happy the cost of an average dwelling…
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The property market has always been known for its highs and lows, and there’s no doubt the latest numbers coming out of the OneRoof-Valocity House Value Index shows there’s great buying across New Zealand. Investment opportunities abound in Auckland, where even the prestigious areas are seeing sellers offering discounts to get deals done. Figures for…
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New data from property media company OneRoof provides a stark view of the current housing market in New Zealand as pressure continues to build on the Reserve Bank (RBNZ) to drop interest rates. In the past month, it has kept the Official Cash Rate (OCR) at 5.5% – significantly higher than Australia’s (4.56%) and Canada’s…
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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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First-home buyers remain the dominant group in the Kiwi real estate market, buying more than 40% of all properties in the first half of this year. With listings up 120% in less than three years, first-home buyers are enjoying a wider choice of properties and a strong negotiating position. They’ll likely receive a further boost…
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Purchasing an investment property is very different to buying a home for yourself. It’s natural to be caught up in the emotion of purchasing a home you plan to live in. But you must be clear-eyed and focused on the bottom line with an investment property. You want to weigh the cost against the prospective…
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Many homeowners will soon begin to consider listing their property for the upcoming spring real estate market. Spring is traditionally a peak time for home sales due to increased buyer activity and favourable weather conditions. As an experienced real estate agency in your area, we’d recommend you begin thinking about a spring sale today. The…
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Simultaneous settlements – the selling and buying of a home at the same time – happen every day. But sometimes, the wheels of property fortune do not roll so sweetly. If you’re selling before you find the next property of your dreams, you could find yourself “homeless” – at least for a short period. The…
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There are few things more emotionally distressing – to say nothing of financially difficult – than cleaning up a home after a flood. Finding badly damaged, much-loved items is particularly heart-breaking. Yet even the unprepared should take heart: while some damaged items will have to be thrown away, others can be restored. Clothes and linen…
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