The Reserve Bank has left the Official Cash Rate (OCR) on hold at 2.5%. The decision to leave the OCR on hold was in line with market expectations. The Reserve Bank has indicated that if the New Zealand dollar remains elevated without other economic settings changing, then it would need to reassess its previous assumptions […]
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Confidence is returning to the housing market. The recent REINZ release of the March residential statistics shows a 25 per cent increase in the volume of sales, and a reduction in the number of days between listing to contract date. Buyers are viewed to be more strongly motivated than sellers in all parts of Auckland […]
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Check out this new listing: http://www.nz.open2view.com/properties/267398
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The real estate market is changing to a more positive outlook for those vendors ready to meet the market. Across the country realtors have a lack of listing and are receiving multiple offers on many properties they have listed. The property investors are also re-entering the market, cautiously, many are still looking for that bargain […]
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A nationwide shortage of residential properties for lease has led rental prices higher in many places across the country and there’s no respite in sight, as shown by First National’s quarterly property management survey. Rents have increased due to a shortage of rental properties across much of the nation – it’s the basic economic principle […]
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So you thought the local market’s been a bit volatile, prices down, not many purchasers around? From Sydney hot of the press we hear that bbuyers are few and far between and offering cut throat buy prices across all price bands, sizes houses and apartments. Nothing selling above middle market [Middle in Sydney suburbs around […]
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Average dairy prices fell by 4% which is not unexpected, this is a supply and demand situation, and was a forecasted. Unemployment dropped to 6.4 % for the last quarter, down from 6.6%. The NBNZ Business Outlook showed 2012 to have started on a confident note. A net 28% of businesses expect better times for […]
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Why would you spend money on advertising your property? When selling your largest asset you need to reach the largest audience possible. We at First National are committed to promote your home, lifestyle or rural property to its best advantage. One avenue for advertising that is possibly generating up to 70% of our buyer leads […]
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“Leaky homes” is an issue that is not going to go away, legislation protecting the consumer is being in acted and evolving continually. There is a responsibility on you as a vendor to be transparent in your discussions with me. If you have or suspect that there are water tightness issues let’s work through those […]
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We are hearing positive growth forecast in the first BNZ – REINZ Residential Market Survey for 2012: which has found a reasonably sharp turn for the better in New Zealand housing market activity. Each of our eight major measures of housing market strength has risen over the past month to show a residential real estate […]
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