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 →

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 →

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 →

If we look to Australia, house prices are declining, so housing there must be becoming more affordable – right? Continue →

Overall, real estate markets are in good shape in 2019. Here are CBRE’s key reasons why:  Economic growth will pick up throughout 2019 despite uncertainty Consumers and businesses remain confident, U.S. Continue →

The Reserve Bank (RBNZ) has kept the official cash rate (OCR) on hold at 1.75% for the 15th consecutive time but suggested that a nearer term OCR cut may be on the cards. Continue →

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 →

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 →

As we enter 2019, with volumes low (but stable) and values showing reasonably consistent growth across many parts of the country, CoreLogic has made predictions for another solid year in property 1. Continue →

House prices in Australia will suffer falls of up to 20 per cent, the largest since the ’80s, with a weak housing market likely to continue through 2019, according to Morgan Stanley research Doubling its previous estimates to match the bleaker forecasts of AMP and ANZ earlier last year, the investment bank blamed tightening credit, deteriorating sentiment and a supply pipeline that is yet to respond to price weakness in the market for its revised outlook. Continue →

Low interest rates, softer lending criteria, and Auckland’s ongoing undersupply of housing will help counter any negative influences impacting the property sector in 2019, says Ryan Mitchell, National Manager of Century 21 New Zealand Mr Mitchell says there’s plenty to be optimistic about going into the new year with many economists and commentators leaning towards the positive side of the ledger when it comes to predicting the 2019 New Zealand real estate market. Continue →

Click to read CoreLogic’s report: New Zealand Best of the Best 2018 It’s been another fascinating year for NZ’s property market in 2018. Continue →

The number of residential properties sold across New Zealand increased by 15.5% year-on-year – the highest number of sales in five months according to the Real Estate Institute of New Zealand The number of properties sold nationally increased from 5,880 in October 2017 to 6,791 in October 2018 – an increase of 911 houses. Continue →

Enhanced telecommunications connectivity, data insights, digital planning practices and innovation districts are among the issues addressed in a new standard of practice released by the Smart Cities Council and Green Building Council of Australia Released as part of the recent Smart Cities Week Australia in Sydney, the Code for Smart Communities is a new benchmark for urban development practices across greenfield communities, urban regeneration precincts and diverse institutional campuses. Continue →

Digital planning tools are on the cusp of systematic adoption by councils and metropolitan planning agencies around the world looking to do away with long-standing inefficiencies through data-driven city planning That’s according to a new research report released the Australian Housing and Urban Research Institute (AHURI), blockchain technology has the potential to dramatically transform the built environment and the social and private housing markets over the coming decades. Continue →

A booming tourism sector coupled with an extended period of hotel undersupply have resulted in some of the tightest market conditions experienced in Auckland’s CBD hotel sector, according to Bayley’s latest Marketbeat research newsletter Performance metrics are exceptionally strong and look set to stay this way especially as the central city plays host to a growing list of major international events over the next few years including the America’s Cup and the APEC summit, both in 2021. Continue →

The 4.5-star Waldorf Stadium Apartment Hotel located in the heart of Auckland CBD has sold to Australian-based Mulpha Group Colliers International and CBRE have announced the sale off the back of an international sales campaign that yielded multiple investors wishing to take advantage of New Zealand’s current tourism boom and strong hotel market fundamentals. Continue →

The sales of two central North Island hotels in recent weeks have highlighted the strength of New Zealand’s regional tourism economy amid the country’s ongoing tourism boom One of the largest hotels in Palmerston North, the Hotel Coachman, has recently sold to the Distinction Hotel Group, while the Skotel Alpine Resort in Tongariro National Park has also sold to a local investor. Continue →

Prime office rents in Auckland’s CBD are expected to rise by up to 5% a year until more supply becomes available in 2020, according to new forecasts The latest Colliers Essentials reports offer snapshots of the CBD office markets in Auckland and Wellington. Continue →

The low number of new listings in July meant the number of houses sold in New Zealand during September decreased by -3.0% year-on-year This was the lowest level number of properties sold since January this year, according to the latest data from the Real Estate Institute of New Zealand (REINZ). Continue →