The property market is looking a lot more encouraging for first home buyers today than it did this time last year. That’s because prices fell sharply during 2022, reducing the size of the deposit first home buyers need to enter the market. Between January and November 2022, the price of the average property fell 10.2%,…
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New Zealand’s population is projected to grow 0.7% per year between 2018 and 2048, according to Stats NZ. The fastest-growing regions are projected to be Waikato (1.0% per year), Bay of Plenty, Northland (0.9%), Auckland, Canterbury and Tasman (0.8%). During the three decades to 2048, the North Island is projected to contribute 80% of New…
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The government will legislate two key changes to tenancy laws, which it said would improve the lives of both property investors and landlords. First, residential property managers will now have to be registered, trained and licensed, and complaints and disciplinary matters will be dealt with through a new regulatory framework. “This means that like many…
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Spring housing market activity was subdued across Aotearoa New Zealand according to the latest data and insights from the Real Estate Institute of New Zealand (REINZ). Buyers remained hesitant as rising interest rates, access to finance and concerns around the economy continued to create uncertainty in the market. Nationally, the number of residential sales dropped…
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The residential property market has continued its downward trajectory with the latest data showing the worst drop in values in more than 15 years. Based on figures from January to November, values are now 10.2% lower, or $107,747 less in real dollar terms, than at the start of 2022. The average home value now sits…
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If you’re a first-time buyer itching to enter the market and constantly tapping the keys of your calculator app to work out how you’ll pay for your strategy, you may want to consider a different kind of approach. Recalibrating your property ambitions may allow you to buy into the market today and reap the rewards…
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A beautiful wooden floor can be a major selling point in a home: it’s one feature that never fails to impress prospective buyers. Many sellers appreciate the impact of a wooden floor, and they will invest in having it stripped back, sealed and polished, often at the cost of several thousand dollars, to add value…
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Buying a holiday home is a wonderful ambition that creates visions of happy families and fun times that will stay with you forever. Remember that this is an emotional decision, so try to keep in mind the practicalities as well. Some owners love having a holiday home while others have found it more work than…
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If you want to make a fashion statement in your home, indoor plants are a great way to do it, sassing up old or tired bathrooms and kitchens without going to the huge expense of a renovation. And they’re a fashion statement that can turn heads when selling your home. Indoor plants are in vogue…
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Searching for your dream home can be an exciting experience: you get to explore different housing styles, check out new locations and think about the kind of decor you love. To help the process go smoothly, a great idea is to spend a little time and effort listing the features you want in a home,…
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