Browsing: Property Trends

Property Trends
0

Property sales were up 191% from April to May but still down from last year by 46.6%, with prices fluctuating across the country, the Real Estate Institute of New Zealand (REINZ) has revealed The number of properties sold in May across New Zealand decreased by 46.6% from the same time last year – from 7,477 to 3,990 – as Alert Level 3 restrictions on the real estate market still made it difficult for property sales to occur, according to the latest data from the Real Estate Institute of New Zealand (REINZ), source of the most complete and accurate real estate data in New Zealand. Continue →
Property Trends
0

Kiwis will have the best opportunity to get on the housing ladder in more than a decade, says Century 21 New Zealand Owner Derryn Mayne With many interest rates now well below three percent, and with the Reserve Bank scrapping its mortgage loan-to-value ratio (LVR) restrictions, lower deposits are now required to secure a mortgage and ongoing repayments have never been cheaper. Continue →
Property Trends
0

Despite a 78.5% decrease in sales volumes in April, median house prices across New Zealand increased by 17.2% to a new record high of $680,000, according to the latest data from the Real Estate Institute of New Zealand (REINZ)   The number of properties sold in April across New Zealand decreased by -78.5% from the same time last year – from 6,082 to 1,305 – as the level 4 lockdown made it very difficult for property sales to occur. Continue →
Property Trends
0

News that the Reserve Bank is proposing to remove its mortgage loan-to-value ratio (LVR) restrictions will mean young Kiwis can buy their first homes sooner with lower deposit requirements now inevitable, says Century 21 New Zealand Owner Derryn Mayne Yesterday the Reserve Bank announced over the next seven days it will consult on its proposal to scrap LVRs for at least a year. Continue →
Property Trends
0

Until the Coronavirus struck New Zealand in early March, the housing market was ticking along nicely, with the average national value going up 6.1% in the last 12 months, but coming out of lockdown we can expect to see a very different market, Quotable Value Ltd General Manager David Nagel anticipates Bob Dey In the final week before lockdown, we could see the impacts of uncertainty starting to have an effect. Continue →
Property Trends
0

With a clear-headed approach that takes advantage of the tools available to us right now, Kiwis who own their own home and/or investment properties can protect those assets through the current uncertainty and the downturn that is expected to follow, says Founder of Propellor Property Investments Nikki Connors I have experienced financial disaster and the loss of my home, and there’s no way I want any other New Zealander to be in that situation as a result of our current national crisis or any other circumstance. Continue →
Property Trends
0

Despite a nationwide property report showing new listings in March down 16.5% on the same time last year, it’s great that serious buyers have remained active online during the lockdown, says Derryn Mayne, Owner of Century 21 New Zealand While the country’s level 4 restrictions to combat the Covid-19 pandemic had an immediate impact on new listings at the end of March, average asking prices last month remained buoyant across the country – up 5% on a year ago. Continue →
Property Trends
0

Investment in transport is expected to invigorate development, and while there will be clear benefits for the property market, the work could also bring short-term disruption, labour shortages, construction cost increases and land speculation pressures Announced in late 2019, the Big New Zealand Upgrade is a $12b public works programme that aims to futureproof the country’s growth. Continue →
Property Trends
0

Kiwi vendors are increasingly shying away from spending money on advertising their properties, but the benefits of investing in a strong marketing strategy can be huge, says Owner of Century 21 New Zealand Derryn Mayne Serious and targeted marketing will help deliver a faster, more efficient sale. Continue →
Property Trends
0

The average value of property across New Zealand rose by 1.1% over the month, taking the three-month change to 2.6%, and the average home is now worth $722,475 – up by 5.3% from a year ago, according to the CoreLogic QV February 2020 House Price Index results NZ average property values Property values are rising steadily across each of the main centres with the gains over the past three months ranging from 1.0% in Tauranga up to 5.4% in wider Wellington (measured across the City, Lower/Upper Hutt, and Porirua). Continue →
Property Trends
0

The number of properties sold in January across New Zealand was up 3.2% on the same time last year (from 4,459 to 4,603) making it the busiest January since 2016 according to the latest data from the Real Estate Institute of New Zealand (REINZ) For New Zealand excluding Auckland, the number of properties sold increased by 0.9% when compared to the same time last year (from 3,279 to 3,308) – also the highest for the month of January in 4 years. Continue →
Property Trends
0

Data released by the Real Estate Institute of New Zealand (REINZ) shows growing strength in the lifestyle property sector There were 116 more lifestyle property sales (+6.4%) for the three months ended December 2019 than for the three months ended November 2019. Continue →
Property Trends
0

New Zealand rounded off the decade with the highest number of residential properties sold for the month of December in three years and price rises in 15 out of 16 regions, according to the latest data from the Real Estate Institute of New Zealand (REINZ) The number of residential properties sold across New Zealand in December 2019 increased by 12.3% from the same time last year to 6,285 up from 5,596 (689 more properties). Continue →
Property Trends
0

This will be the best year for Auckland real estate that we’ve seen in the past three or four years, predicts Century 21 New Zealand owner Derryn Mayne Her comments follow today’s release of the CoreLogic QV December 2019 House Price Index, which highlighted the recovery of property values in Auckland. Continue →
1 2 3 13