Browsing: Property Trends

Property Trends
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Looking at the leading individual suburbs for first home buyers (FHBs) in each of NZ’s ten largest cities, the share of purchases going to FHBs has typically been more than 50% so far in 2019, CoreLogic Senior Property Economist Kelvin Davidson observes CoreLogic’s Buyer Classification figures for May are hot off the press and show that first home buyers (FHBs) and mortgaged multiple property owners (MPOs) – or in other words investors – remain neck and neck in terms of market share* (see the first chart). Continue →
Property Trends
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It’s clear from Statistics NZ figures that last year’s Foreign Buyer Ban in October has cut into property demand from this source, and is likely to have contributed to the softening in values in areas such as Auckland and Queenstown, CoreLogic Senior Property Economist Kelvin Davidson comments In the first three months of the year there were 204 property purchases by people without citizenship or a residency visa, 81% lower than the same quarter a year ago (1,083). Continue →
Property Trends
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Property values in New Zealand continue to show modest growth, with the CoreLogic QV House Price Index for April showing an increase of 2.7% over the past year, yet this number is actually dragged down by Auckland The weakness witnessed across Auckland’s property market has continued to weigh down headline results, with the annual fall of 1.5% at the end of April, exactly the same as reported last month. Continue →
Property Trends
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In the first quarter of 2019, first home buyers (FHBs) and mortgaged multiple property owners (investors) each accounted for 24% of property purchases, CoreLogic research finds For a long period of time, investors had a much larger market share, but LVR III (40% deposit) dampened their activity from October 2016 and meanwhile FHBs have slowly and surely kept raising their presence. Continue →
Property Trends
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The number of residential properties sold in February fell by 9.5% from the same time last year to 5,954 (down from 6,576) according to the latest data from the Real Estate Institute of New Zealand (REINZ) The last time sales volumes fell this much on an annual basis was 16 months ago. Continue →
Property Trends
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Things look good for both residential and commercial property in New Zealand, despite the potential impacts of a proposed capital gains tax, new Colliers International research shows Residential property price growth expectations remain broadly positive, even after the Tax Working Group’s proposal for a wide-ranging capital gains tax.  Continue →
Property Trends Commercial property investor’s net income down prior to major development phase in Auckland.
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January saw 14 out of 16 regions experience annual increases in the median price for residential properties, including 5 new record median prices, while Auckland and Canterbury saw prices fall, according to the latest data from the Real Estate Institute of New Zealand (REINZ) The national median price for residential properties increased by 5.8% from $520,000 in January 2018 to $550,000 in January 2019. Continue →
Property Trends
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The upswing in property values in Dunedin is likely to continue in 2019, given that demand is strong and the number of listings on the market is low, CoreLogic research analyst Kelvin Davidson believes First home buyers have been very active in the market in recent months, but investors have also been keen to buy – despite the sense that the average Dunedin rental property might require more cash to bring it up to insulation standards than houses elsewhere in New Zealand. Continue →
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