New Zealand’s banks have promised to be sympathetic and supportive to borrowers who may face financial stress due to rising interest rates. In its most recent Financial Stability Report, released earlier this month, the Reserve Bank of New Zealand said that while the financial system was in good shape (see previous story), rising interest rates…
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Despite the national average asking price hovering around $920,000 in October, buyers can enter the market at a much lower price, according to realestate.co.nz. The most common price range search on realestate.co.nz is between $600,000 and $800,000, which indicates many people’s budget. In October, six regions across New Zealand had average asking prices sitting under…
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With property prices falling in much of New Zealand, conditions have arguably turned in favour of first home buyers. That might be why CoreLogic analysis has found that first home buyer market share has been increasing. First home buyers made 23% of purchases over the first half of the year and 24% in the third…
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Maintenance is a labour of love for many homeowners – traipsing around the local hardware store and eating snags is a weekend ritual for thousands of homeowners. Others, of course, would prefer to do something else, somewhere else. If you’re an owner who sees maintenance as a chore rather than an opportunity to test your…
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Drone video of your property can make a fantastic impact on prospective buyers – but don’t get too caught up in this technology. They’re as spectacular for a beachside mansion with a swimming pool and tennis court as they are underwhelming for a one-bedroom unit. In other words, drone video isn’t for everyone so be…
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Have you noticed water tanks installed in city homes or regional properties that are already connected to town water? Rainwater tanks are becoming increasingly popular for several reasons, including a reduction in the quarterly water bill and the environmental benefit. Buyers appreciate green-friendly features that help the planet and shrink the size of utility bills. …
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A handful of smart strategies will help ensure an excellent price for your home when selling in today’s market, where buyer enthusiasm is cooling because of rising interest rates. To achieve a fabulous price today, you’ve got to put in the work. Your home must be pristine and ready to beat the competition in the…
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With headlines of a global reduction in oil and price rises, it’s no surprise an increasing number of buyers are seeking environmentally sustainable homes. Properties that consume minimal electricity for heat and air-conditioning are in big demand. As an experienced agency, we find some buyers will often cite their desire for a “sustainable home” without…
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Apartment buyers are often confronted with the most basic of questions: should I purchase a new unit, or opt for an older building that has long since passed its teething problems? Unfortunately, the answer is as old as the question: it depends! There are pros and cons to both options, as we have listed below.…
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It’s an exciting moment when you’re about to sign a contract to buy your dream home; the possibilities for this new chapter in your life will feel limitless. Before walking this path, though, a few serious administrative tasks must be completed. Perhaps one that can be overlooked is checking the smoke alarms on the property.…
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