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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Traditionally the real estate market’s year begins slowly, with holidays, family, beach and sun shine on the minds of most potential purchasers. At the end of January, residential stock levels were the lowest level since January 2007 across the country. The average measure of stock in January dropped to 28.7 weeks of stock, based on […]
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8300 loans approved second week of January 2013, over 23% more for the same time last year, but some may have been refinancing, with some switching to fixed rates averaging 5.29%, but floating is averaging 5.79%. Due to Aucklands market, Bill English, stated that Auckland Council needs to have more land to build affordable houses. […]
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It’s time to write those property investment goals. Identify what your life goals are and how you need to invest. Do you need high return from an investment property, producing a yield that covers borrowing or are you a long term investor, investing for retirement? Review what type of investor you are; ‘the renovator’, ‘the […]
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Both number of sales and the average sale price fell for the month of January. But this January was still the best January for the last 5 years. It’s still too early, but it may be a sign that the market is flattening out. Lack of supply could explain the relative slow month, but January […]
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First National Real Estate Group’s January 2013 Residential survey revealed an increase in first home buyer activity across the country. The results reveal that the ‘first home’ segments of buyers were the major purchases of residential homes in many areas across the country. While the media have focused on the lack of affordability of first […]
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