Posted on November 28th, 2013 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
NZ population has grown by 5.3% to 4,242,048 according to the NZ Statistics. Some regions had surprising gains while others reduced. Auckland is the fastest growing region with a population in 2012 of 1,425,550, an increase of 110,592, since the last census in 2006. Nelson took out second fastes growing region with a 8.35 increase […]
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Posted on November 21st, 2013 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Business and consumer confidence is driving heightened activity this spring, which is already out performing previous years figures. October saw a significant rise with 14 new property listings. This is a 27% increase from the previous month (September). And an increase of 8% compared to October last year. The Central North Island recorded the biggest […]
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Posted on November 18th, 2013 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Unemployment dropped to 6.2% in the last quarter from 6.4%. Part of the drop could be attributed to more people reporting they are actively job hunting. The number of jobs rose by 1.2% during September, which is an increase of 2.4% for the year. The job increases support evidence of renewed business confidence. Predictions are […]
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Posted on November 18th, 2013 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
The Reserve Bank met expectations last week when they left the cash rate unchanged at 2.5%. The RB won’t now tighten monetary policy until mid-2014 rather than early in the year. So we have shifted our forecast timing for the first OCR increase to June from March. Then cahnge highlights the key point that predicting […]
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Posted on November 15th, 2013 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Loan to value limits were introduced at the beginning of October by the Reserve Bank. All banks must now lend no more than 10% of their new home loans to people with deposits of less than 20%. First national’s survey was released to the media on Friday, October 8. This reserch was commissioned by First […]
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Posted on November 11th, 2013 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
The National asking price hits a new high of $466,526; this is driven by the seller’s confidence. The market still favours the sellers in most regions of New Zealand. Marlborough recorded an 18% increase; Canterbury up 3.2% increases compared to the prior months asking prices. (Realestate.co.nz) Record high asking prices were across 14 regions, Waikato […]
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Posted on November 4th, 2013 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
The banks are moving to limit lending to people with less than 10% and have the ability to limit their risk to borrowers with 20% and above deposit. The Reserve Bank’s limit on LVR (high–loan–to-value) lending has affected some purchasers in the bigger cities, (some real estate agents are reporting), where 20% deposits are very […]
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Posted on September 16th, 2013 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
What do they do for you? A rental appraisal which covers potential rent, recommend changes when required Initial inspection and photos of your property documented and detailed notes Arrange tenancy insurance, connections or other services if required Organise the marketing of your property Field all calls from potential tenants, show tenants the property, take applications […]
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Posted on September 11th, 2013 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
The banks will be restricted to having no more than 10% of the value of their new home mortgages lending at loan to value ratios above 80%. The question has been whether this will have the desired effect of slowing the rising house prices. The LVR will definitely slow down first home buyers and investors […]
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Posted on August 22nd, 2013 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Confirmed house sales price lifts, are reported to have eased. Median prices in Otago; Auckland and Canterbury have lessened. The median fell back $9,000 compared to June to $385,000. However, house sales have surged through July to achieve a six year high for the month of REINZ data for the real estate market in New […]
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