What’s Up With Oz House Prices And What Does It Mean For NZ? Sydney has had a decline of 9.5% in property prices since they peaked in July last year. John Bolton of Squirrel Mortgages says that technically anything more than 5% is considered a crash. So should that worry us in NZ? At presentRead more
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Great News! – LVR Restrictions Eased For Investors And First Home Buyers! This week the Reserve Bank of New Zealand eased the LVR restrictions, so Banks will be able to provide 20% of their owner-occupier loans to borrowers with a deposit of less than 20% while lenders will be able to allocate 5% of newRead more
Boost For North Shore Property Market! In October we saw a boost to the North Shore real estate market with the highest sales volumes in 5 months and the highest median sales price in 4 months. September sales were somewhat restricted due to the shortage of available listings, however following an increase in September listingsRead more
Agent Sale vs. Private Sale Analysis of agent and private sales by the REINZ and OneRoof.co.nz shows there has been a considerable decrease in the number of people choosing to sell their home without an agent in the last five years. Part of the reason could be because the analysis also showed that people whoRead more
Increased Listings – Fuel Market The arrival of the spring market was somewhat delayed due in part to the shortage of available listings. As a result, September sales volumes across the market were conservative and at similar levels to 2017. However, listings were strong in September, and it is anticipated this will fuel sales inRead more
Lowest Sales Volumes In 8 Months – Result Of Low Listings In July I have found that all of my Auctions this financial year have SOLD under the hammer at Auction. Low sales volumes give little choice for buyers and give vendors a better opportunity to obtain a higher price. Sales volumes in August andRead more
Strong GDP Growth & Strong Housing Market Just SOLD 70 Chelsea View Drive, Chatswood, under a multi-offer after the first Open Home. I marketed this same property last year for more than 90 days without success. The New Zealand economy grew at its fastest pace in two years over the June quarter, well more thanRead more
Market Energy Bounces Into Spring! Above average August temperatures appear to have contributed to fuelling an early start to the spring market. In the marketplace we have seen a notable increase in buyer activity, auctions brought forward & multiple offers over the past couple of weeks. August statistics indicate positive times ahead with momentum buildingRead more
Which Auckland Suburb Has Gained The Most In Value? Chatswood on the North Shore was the second-best performer, with a 2.8% jump in values to a median price of $1,262,350. As can be seen from the table below. http://nzh.tw/12115122 If you are looking for a house in Chatswood, I would strongly recommend that you comeRead more
Energy builds in Auckland property market heading towards spring… Auckland property continues to trade well through the winter. Illustrating reassuring signs of a stable and sustainable market that is building energy heading into spring. We saw very little change in median house prices with the North Shore down 1.3% from the same period last yearRead more
