With Silicon Valley Bank collapsing in America and Credit Suisse coming close in Switzerland, you might be wondering about the resilience of New Zealand banks. The good news is that all of the main banks are currently operating above the minimum regulatory requirements, according to the Reserve Bank of New Zealand (RBNZ). “We are aware…
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You might have heard that property prices double every 10 years. But is it true? Well, data from realestate.co.nz found that more than half of New Zealand’s 76 districts experienced a doubling in their average asking price over the decade to 2022. The biggest increases occurred in: Kawerau = up 293.9% to $494,172. Horowhenua =…
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The government has introduced the Severe Weather Emergency Legislation Bill to minimise the red tape involved in the recovery and rebuild from Cyclone Gabrielle. This bill is designed to remove or modify existing legislative constraints to support recovery, just like similar legislation that was passed after the Christchurch and Kaikōura earthquakes. Minister for Emergency Management…
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The tragic Auckland floods, Cyclone Gabrielle, and the recent surge in construction costs have thrown a harsh spotlight on the need for home insurance. Being underinsured can leave deep financial scars. More than 20,000 claims related to the Auckland floods have been made, and more are expected. It’s New Zealand’s largest climate-related insurance event, according…
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There’s a light at the end of the tunnel, or at least the first indication of one, in the latest January house price data. Tapering values across New Zealand slowed by 1.2% in the three months to the end of January, according to the OneRoof-Valocity House Value Index. After dipping 4.3% in the September quarter,…
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It’s a good time to be a buyer, with prices trending down and owners with property on the market keen to strike a deal. Many pundits believe we’ve entered a buyer’s market, although the reality of higher interest rates tempers that judgement. As an experienced local agency, we’ve worked through similar economic cycles before. And…
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Our expectations of a modern home are changing, and that’s having a direct impact on how many owners are approaching renovation projects. The work-from-home (WFH) movement, climate change and the pandemic aftermath are the most powerful factors influencing today’s designs. Owners are keen to explore sustainable building materials and want the highest levels of insulation…
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If you’re one of those lucky people with a swimming pool, you’ll know the enjoyment it offers, which is a fact not lost on prospective buyers. A pool will draw a crowd and is a magnet for young families. But it is important to prepare your pool for sale as you would the rest of…
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A New Year often inspires fresh ideas, and this is an ideal moment to start planning the sale of your home with an autumn campaign. As an experienced agency, we don’t believe there are any hard and fast rules when it comes to timing the sale of a property. The best approach is to sell…
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The goal of any seller should be to make their home as luxurious, spacious and appealing as possible for buyers. That’s the best way to maximise the value of your biggest financial asset. And if you put yourself in the buyer’s shoes, you’ll appreciate that many of them are tired of walking around homes where…
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