Browsing: Property Trends

Property Trends
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The Government is being urged review the Home Start grant thresholds for first home buyers following the rapid pace at which house prices in New Zealand have grown In the last 12 months, median house prices across the country have risen by 20% which now means that only 33% of properties in New Zealand are below the threshold to be eligible for the home start grant down from 40% in June. Continue →
Property Trends
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October saw the highest number of properties sold in nearly five years as 10 regions saw record median house prices, including Auckland which has now hit $1,000,000, the Real Estate Institute of New Zealand (REINZ) reports   Median house prices across New Zealand increased by 19.8% from $605,000 in October 2019 to a new record median high of $725,000 in October 2020; and up from $689,000 in September this year (a 5.2% lift). Continue →
Property Trends
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Auckland’s suburban apartment market is outperforming the once-dominant CBD, with a recent Colliers survey finding the best-selling project is located in the suburban hub of Albany Risland Albany comprises 141 affordable units in a medium-rise apartment building with a secure basement car park, located only two minutes from Westfield Albany, the busway and motorway. Continue →
Property Trends
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The CoreLogic House Price Index (HPI) for October has found nationwide property value growth accelerated more than any other month this year, increasing by 1.3% Property values have remained robust since the onset of the economic downturn catalysed by the arrival of COVID-19 and the resulting lockdown in late March. Continue →
Property Trends
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First home buyers (FHB) took a record 25% of purchases this last quarter, helped by the removal of LVRs earlier this year, however this is set to change as the Reserve Bank considers their re-introduction LVRs were introduced back in 2013 to cool the property market by slowing down liberal lending. Continue →
Property Trends
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Normally one month out from an election, sales volumes begin easing off, however 2020 appears to continue in its trend of being an anomaly, says REINZ Chief Executive Bindi Norwell The number of residential properties sold in September across New Zealand increased by 37.1% from the same time last year (from 6,112 to 8,377) – the highest number of properties sold in a month in New Zealand for 42 months (March 2017) and the highest number of properties sold in a September month for 14 years, according to the latest data from the Real Estate Institute of New Zealand (REINZ). Continue →
Property Trends
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Despite the sharpest economic downturn in 60 years, house prices in major markets remain relatively stable or on the way up Sydney properties are overpriced, ranking 16th in the UBS Global Real Estate Bubble report of 25 cities worldwide. Continue →
Property Trends
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According to the CoreLogic House Price Index (HPI) for September, nationwide property values are showing signs of growth once again, increasing 0.8% over the month, after generally stalling since May Property values have held firm through the worst of the economic downturn following the strict lockdown policies implemented in March.   Continue →
Property Trends
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A study by StockApps finds the most expensive places to buy and rent in the world and identifies the fastest growing housing and rental markets Rex Pascual – StockApps Most of the global residential property market was enjoying a rosy outlook for the rest of the year before COVID-19 shrouded the world in a blanket of uncertainty. Continue →
Property Trends
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August’s REINZ figures saw an annual increase in median house prices across every region in New Zealand, half of which reached record highs, but opinions are split as Treasury predicts the average cost of a home will fall 5% by June next year Median house prices across New Zealand increased by 16.4% in August to $675,000, up from $580,000 in August 2019 and up from $659,000 in July (a 2.4% lift). Continue →
Property Trends
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The Auckland property market remains largely unaffected by the city’s latest Covid-19 outbreak, finds Barfoot and Thompson’s latest residential real estate report While the latest Covid-19 resurgence meant that Auckland returned to level 3 lockdown, Barfoot and Thompson say that the restrictions did not hold back residential property activity.  Continue →
Property Trends
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NZ’s housing market has clearly been through some significant disruption in recent months and unfortunately there’s more to come, but this hasn’t stopped mortgaged property investors from raising their market shares Existing owner-occupiers are largely staying put at present, with first home buyers and especially mortgaged investors raising their market shares (as well as the number of purchases). Continue →
Property Trends
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The 2020 general election could have a major influence on the market, according to a Colliers analysis of election impacts over the past two decades With an election drawing closer and only partial policy announcements to date coming from the major parties, Colliers International’s latest monthly research report, released today, looks at sales activity and confidence surveys coinciding with the past six elections since 2000 to showcase what impacts the campaign could have upon the property sector. Continue →
Property Trends
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The ‘good times’ that have re-emerged for property since April are more likely to fade out in the second half of the year than to roll on, warns Core Logic Senior Research Analyst Kelvin Davidson It’s obviously been an unprecedented year for the economy and property market so far in 2020, but it’s at least been reassuring that the number of appraisals generated by real estate agents, for-sale and for-rent listings, valuations ordered by banks, mortgage lending flows, and agreed sales activity have all rebounded since we left alert level four lockdown in late April. Continue →
Property Trends
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House prices have continued to surpass predictions for how they would perform post-COVID, with median house prices across New Zealand increasing to $639,000, according to the latest data from the Real Estate Institute of New Zealand (REINZ) June marks 105 months in a row of year-on-year median prices increases for the country. Continue →
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