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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Posted on August 19th, 2013 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
REINZ HOUSE SALES: NEUTRAL Housing turnover has slowed but that should not necessarily be taken as a sign that house prices may follow. The likely cause is a listings shortage. INTEREST RATES: UP Interest rates have started to move up but are still low. OCR: UP Still on hold, the OCR is unlinkely to move […]
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Posted on August 16th, 2013 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
News of the week has clearly been Fonterra’s dirty pipe in processing their whey back in May last year and the global fall out from this recall. The on flowing damage to New Zealand’s “clean and green” image is clear, and will take some time for us to regain confidence in the market. Further news […]
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Posted on August 13th, 2013 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
The NZ Herald (Monday 4th June) printed significant data and statistics which reveals that Auckland property boom is causing a widening gap from the rest of the country. They go on to state that many provincial towns have not fully recovered from the national housing boom in 2007, before the global financial crisis hit. This […]
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Posted on August 8th, 2013 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Don’t wait for spring, because you will be competing with many other sellers who are also waiting to bring their property onto the market. List your property ‘now’ when the stock of unsold homes on the market tightened to an all-time low of 25 weeks, based on the rate of sales, well down on the […]
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