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 →

Migration flows are an increasing influence in property prices, especially the surge in the number of offshore New Zealand citizens returning home to live  Returning kiwis combined with fewer departures are providing strong support for provincial property. Continue →

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 →

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 →

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 →

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 →

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 →

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 →

There are many reasons to feel positive about real estate going into spring, according to Century 21 New Zealand Owner Derryn Mayne Spring is now looking better for real estate, with Auckland out of lockdown. Continue →

ANZ economists expect Australian house prices to bottom out 10 per cent down in the second half of 2021, while construction is expected to drop a further 14 per cent Driving the dwelling price decline are a number of Covid-related factors including the deteriorating labour market, elevated uncertainty as well as weak investor appetite. Continue →

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 →

The latest data from the Real Estate Institute of New Zealand (REINZ) reports sales volumes and prices up, but for how much longer will this high last? Continue →

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 →

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 →

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 →

According to the June 2020 QV House Price Index (HPI) results, the impact of the COVID-19 pandemic and ensuing economic shutdown on the property market is starting to show, says CoreLogic Head of Research Nick Goodall Nationwide property values dropped -0.2% according to the latest monthly reading, and were down in four of the six main centres. Continue →

Ask any Auckland real estate agent if they’ve got an abundance of stock on their books that they can’t move, and they will fall over laughing, says Century 21 New Zealand Owner Derryn Mayne This follows a leading real estate website claiming there is more housing stock available for sale in Auckland than people looking to buy. Continue →

We’re now seeing more ‘Mum and Dad’ investors eager to get into the property market, which is definitely helping to hold house prices up, says Century 21 New Zealand Owner Derryn Mayne The arrival of ‘Mum and Dad’ investors is understandable given many factors now at play. Continue →

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 →