Posted on February 13th, 2014 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Time to secure that property, as the experts predict interest rate increases on the horizon. Westpac predict increases in the OCR (Official Cash Rate) in April, June, September and December reaching 3.75%. BNZ and ASB predict that in March the Reserve Bank will move in to rebalance the OCR. The OCR has an immediate influence […]
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Posted on January 28th, 2014 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Customers who have been members of KiwiSaver for three years or more and who are buying their first home (or if they qualify as a second chance home buyer), may be eligible to withdraw all, or part, of their own and their employer’s contributions to put towards a home purchase (as long as it’s going […]
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Posted on January 28th, 2014 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
December : Asking prices eased across many regions of the country to levels not seen since June 2013, down 6% for the month to $451,448. This ease will be welcome news to buyers looking for a home at the start of 2014. Although, year-on-year asking prices are continuing an upward trend. These findings follow record […]
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Posted on January 20th, 2014 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Posted on January 20th, 2014 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
The New Year has started with a housing stock shortage, as the New Zealand property market registered the lowest number of new listings in December 2013. Real estate data has found that the number of new property listings is 6% down on the same time last year. With just 8,010 new properties, it is the […]
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Posted on December 17th, 2013 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Since the REAA was formed in November 2009, close to 3000 complaints have been lodged against agents. The REAA regulates Real Estate agents, branch managers and salespeople, under the REAA Act 2008. Incompetency, negligence and misleading behaviour make up the highest number of complaints followed by failing to disclose information and trading without a license. […]
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Posted on December 16th, 2013 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Lower priced properties are being targeted by investors not first home buyer, who are prepared to spend a little more for a quality, but a modest home. The investor is more prepared for a property that has maintenance issues and may only need a little spent on it to make it presentable for the rental […]
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Posted on December 9th, 2013 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
New LVR rule cools the market with just a third of 150 home sold over a 3 day period via Auction, when 80% were selling just 2 months ago. The new LVR rules mean less first home buyers and vendors high expectations has meant more homes on the market. Only 36% sold with the other […]
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Posted on December 6th, 2013 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Annual REINZ figures show inflation of house prices are 10% nationally and in Auckland they are 16%. The Reserve Bank’s LVR is not achieving what they want, first home buyers have simply left the market, making way for property investors. Banks had less high LVR lending, but there was no evidence of it slowing house […]
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Posted on November 28th, 2013 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
REINZ House Sales – Up: Sales lifted 2.6% in September after a 3.3% drop in August Interest Rates – Up: Short term rates are cheap but anything longer than 3 years is becoming more expensive. OCR – Up: No sign of a OCR increase yet. It’s widely predicted for March 2014. Immigration – Up: The […]
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