Auckland Housing Prices Take a Hit, But Buyers Have Plenty of Choices
January was a bit of a mixed bag for New Zealand’s housing market. On one hand, property sales saw a healthy jump, but on the other, prices slipped—particularly in Auckland.…
ANZ Lowers House Price Growth Forecast, Predicts Earlier OCR Cuts
ANZ has released an update, downgrading its expectations for house price growth this year to 1%, down from the previously forecasted 3%. The bank also anticipates a 4% increase in…
Art & Culture
Better NZ
Communities
Editorials
Entertainment
Events
Food
General News
India
Kiwi-Indians
Multiculturalism
News
Politics
Print Editions
Science & Tech
Sports
World
Issue 22 Volume 6 New year edition
Issue 22, Vol 6 ISSUE 22ND VOLUME 6
First home buyers caught amongst rising inflation and interest rates.
The cost of living has climbed in the past 12 months by 5.2 percent - the biggest 12-month spike since 2008. For anyone trying to buy property, they may add…
Buying your first Home?
Buying your first home is as exciting as it is daunting. It takes careful planning and some serious savings to achieve the result - YOUR OWN FIRST HOME!
House prices growing considerably faster than wages
Meanwhile, first home buyers (FHB) have been more than happy to ‘bridge the gap’, with FHBs’ market share assisted along by variables such as KiwiSaver withdrawals and a readiness to…
Market and first time buyers benefit in spring
It may be spring, but it feels like summer if you are watching the property market, as record levels of activity in the market are already hitting summer peaks.
COVID-19’s impact starting to show, with profit making resales down slightly in Q2 2020: Corelogic
The latest CoreLogic Pain & Gain report shows that the proportion of properties being resold for more than the original purchase price (i.e. a gross profit, or “gain”) in Q2…
Conducting real estate business during COVID-19 alert level 2: Real Estate Authority
Licensees must comply with these health requirements at alert level 2.
Market holds firm as OCR predictions roll in
The market has shaken off the effects of the original lockdown with a strong return, as it continues to shake off any fears around the current lockdown, with sales in…
Market holding strong in record numbers despite COVID Return
Despite what had been described as “inevitable” Auckland was taken by surprise last Tuesday when the government announced that COVID-19 has re-emerged in the community with no identifiable trace to…
Residential market has a record-breaking five-year success rate in July
New data has proven that despite the winter blues and post-COVID predictions, the residential market has come back swinging, with a sales success rate that hasn’t been seen in the…
First time buyers set record as sales rates soar
First Time Buyers have broken records as they claim a record-high share of the mortgage money advanced in June, taking advantage of low mortgage rates post lockdown, mirrored by the…
Property market shaking off post-covid winter blues as it springs back to life
Despite the ramifications of the lockdown and the annual expected winter dip, the property market is holding its own, with some welcomed good news in both the residential market and…
Market nearly fully recovered
New figures suggest Auckland's residential property market has possibly fully recovered from the effects of the lockdown conditions that were evident in April and May, with a buyer’s market forming…
First time buyers reaping the benefits of no LVR restrictions, low mortgage rates and small decline in house prices
New data from the Reserve Bank and The Real Estate Industry have indicated that first home buyers are taking the most advantage of low interest rates, no LVRs and declining…
ANZ predicts housing prices to fall by 12%
“We have nudged up our house price forecasts on the back of a slightly better economic outlook and lower mortgage rates, but only slightly. We expect that house prices will…
Property listings increase as it becomes easier to buy
Property listings in the Auckland have seen a significant increase in the past week as sales begin to return in Level 1 with end to physical distancing requirements and restrictions…
Market slowly resembling normalcy as restrictions ease
As the move to Level 1 comes potentially sooner than expected, signs from the market suggest that buyers and sellers are ready to match pace. New data has revealed that…
Real estate market confidence shifts due to COVID-19, according to new REINZ report
The REINZ Residential Confidence Report for April has shown that activity in the real estate industry was extremely subdued due to COVID-19. In April $1.051 billion of residential property was…
Property values showing loss of momentum, but full picture still unclear: Corelogic
According to the May 2020 QV House Price Index (HPI) results released by Corelogic this week, the momentum in the property market prior to the pandemic has since been lost.…
