Increasing affordability is the main positive to be taken from the latest data on New Zealand’s real estate market. For the three months to the end of August, New Zealand’s average price was $957,000 – the same level of two years ago. Amid economic concerns, buyers with the courage to strike out now have a…
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Six of New Zealand’s 16 regions continue to deliver value growth for their owners, while the rest of the market prepares for a turnaround after the Reserve Bank cut the Official Cash Rate (OCR) for the seventh time in two years. With a record-high level of listings and a cash rate now down a further…
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The challenges of the housing market were cited as one reason why the Reserve Bank of New Zealand (RBNZ) has again decided to cut the Official Cash Rate (OCR), reducing it by 0.25% to 3%. Cheaper mortgages are now likely to further encourage the signs of green shoots that have emerged in several regions in…
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The New Zealand market is stuck in a bit of a groove right now. We’re continuing to see price stability nationwide with in-demand areas strengthening, while the stragglers struggle to gain buyer traction. Happy owners include those in Arrowtown in the Queenstown-Lakes, which has seen values rise an average $178,000 in six months, and those…
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Reading the tea leaves of today’s Kiwi property market is not an easy task. Sales are up, yet prices are flat. Record levels of inventory are starting to dwindle with a reported 5% fewer properties coming onto the market than 12 months ago. The Official Cash Rate (OCR) has dropped 2% since last September, but…
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A new report from the Reserve Bank of New Zealand (RBNZ) reveals what many homebuyers already know – some parts of the Kiwi economy are more sensitive to a rise in the Official Cash Rate (OCR) than others. RBNZ – Te Pūtea Matua – research found sectors that make or trade goods, as well as…
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Are we seeing the story of a “tale of two cities” and even a “tale of two islands” playing out in our market as buyers continue to enjoy favourable conditions while many agents now talk optimistically about “green shoots” of value growth? The latest data from the OneRoof-Valocity housing report shows the South Island performing…
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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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