The number of new listings fell to 10,023, down 21.5% on March and down 1.5% year on year. In the main centres, both Auckland and Canterbury experienced an increase in listings when compared to April last year of 9.3% and 0.8% respectively and Wellingtons figure fell by just 1.9%. The next 3 months are traditionally […]
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The property market continues to show signs of confidence and heightened activity as compared to the past few years. The confidence amongst sellers bringing their properties onto the market has pushed up the (seasonally adjusted) truncated mean asking price to a new high of $447,275 – the highest level since the collection of data began […]
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No prediction for an increased OCR; Tony Alexander BNZ Economist reports that household debt grew only 0.4% in March and that has been the rate of growth for almost all of the months since July last year. We also get a benign inflation outlook which suggests no change upward in the official cash rate until […]
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As predicted the housing Markets in Auckland and Christchurch have resulted in an intervention by the Reserve Bank, this has not been seen since 2007. First National Real Estate raised these concerns last month within the media across the country in their Press Release. Median prices only show where the market is performing- First National […]
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In February 2012 REINZ reported 6,632 dwellings sold around New Zealand which was a rise of 7.5% from a year earlier and rough seasonally adjusted change near zero. Sales growth appears to be plateauing. Prices are rising, however the rise in the past three months has been 0.7% from a 2.8% rise three months ago, […]
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Residential Market Survey under taken by REINZ this week, confirms the results of the survey under taken by First National Real Estate last month. The results for the first time ever in this country give us some good insight into really basic things like the proportion of house sales that are to first home buyers […]
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The simple answer to one of the most commonly asked questions in the property market – “Why should I use a real estate agent to buy, sell or manage my property?” – is because it makes financial, legal and common sense to do so. It may seem tempting to keep commission dollars in home owner […]
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The result of Tony Alexander’s BNZ Business Confidence survey reveals a net 41% feeling optimistic about the economy in the coming year tells us two things. First, things look good with respect to growth in job numbers and business investment Tony Alexander also recognises that “drought always hits our economy and it will be one […]
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Pukekohe, Warkworth, Kumeu and Brighams Creek are the rural towns that will contribute to the population of Auckland. A new planning rulebook has more apartments in urban Auckland for 1 million people, with plans to build 160.000 new homes beyond traditional urban borders, borders which were set up in the late 1990’s to contain urban […]
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The New Zealand economy accelerated going into the end of 2012. Construction volume’s rose by 10% in December after following a steady increase in building consents through the middle and last quarter of last year. The real estate activity continues to pick up as house prices continue to increase on the back of a deficit […]
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