The New Year has started with a healthy flow of new listings, which may help rising property demands. Realestate.co.nz report that 9,267 new properties came onto the market, up 5% from last year. This increase was across most of the country, excluding Hawkes Bay, Marlborough and Southland. Of the 13 regions that reported […]
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The New Zealand economy remains firmly in an expansion mode. Despite recent falls in equity values and concerns over China and emerging market economies, New Zealand’s economic situation remains positive. Employment is showing strong signs of improvement for 2014 as the economic confidence improves and has already shown a 1.1% improvement.
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A recent survey revealed that two thirds of New Zealanders believe a warrant of fitness system for private rental properties should be in place. Central and local governments have been working on a system to appraise tenanted homes. This is a scheme being tested by councils in five cities, including Auckland, Wellington and Christchurch this […]
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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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