If you’re worried about the future of our economy and wondering if this is the right time to buy a property, look no further than the skyline for your answer. We have a record 150 cranes erected across New Zealand – a true sign of long-term confidence in the economy and the property sector. More…
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The Reserve Bank of New Zealand (RBNZ) has introduced its fourth consecutive interest rate rise in a dramatic attempt to rein in rapidly rising inflation. The 0.5% increase is designed to try to stop inflation breaking the 7% barrier and potentially stalling the economy. It was the biggest increase in 22 years, taking the Official…
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Recent data shows only 21% of our Pacific Peoples in New Zealand own their own home. In response to this alarmingly low rate, the government has committed to spending $2.64 million over the next three years on improving finance and property education. It aims to improve the housing outcome of Pacific people in Aotearoa through…
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Selling your house has never been more profitable with most owners collecting a windfall of more than $400,000, according to the latest data from CoreLogic. Owners achieved a median average resale profit of $420,000 in the December quarter, according to the data provider in its latest Pain & Gain report. It is almost twice the…
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The first faint signs that the Kiwi property market is cooling have emerged, with good news predicted for property buyers. The number of homes for sale is back to pre-COVID 2019 levels according to realestate.co.nz but asking prices in some key centres have begun to dip. The latest data from the website says more than…
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