Listings for apartments in August were up 16.3% when compared to July, with 529 being brought to the market, on a year-on-year basis listings were down 15.9%. The truncated mean asking price of new listings slipped again to $349,192 in August from $356,762 in July, representing a decrease of 5.6% on the recent three month […]
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First National’s survey revealed the lack of listings throughout the country is driven by vendors waiting for spring. Another reason for the lack of listings is that vendors are unable to find a suitable replacement if they sell. This lack of supply is driving some prices up, with many reports of multiple offers on properties. […]
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Whether it is around your home, boat, garage, car or caravan we can offer a fire safety solution to our clients. This gift contains an extinguisher, smoke alarm and fire blanket. The First National network is very excited about this gift to our clients as it is a potential lifesaver and promotes putting our clients’ […]
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TIP 1. Prepare your children for the move by giving them lots of information about the reasons for moving and letting them know what they can expect in their new home. 2. It’s important to be positive and optimistic because your children’s attitude will largely mirror yours. Focus on the positive aspects of your new […]
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The New Zealand economy is performing well compared to Europe, which is mired in a deepening recession and there is nothing on the horizon to change that picture. Economic activity indicators are equal in importance to political developments in August as the former adds pressure to the latter. With economic activity slowing globally, this trend […]
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It’s now much harder for single people on high incomes and middle-income couples to buy homes than it was ten years ago. A study by the Productivity Commission and Treasury shows that by the end of the last property boom, only 31% of those who did not own a house could afford to, compared to […]
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I have met many young couples and investors who are waiting for the market conditions to improve. Interest rates have never been more affordable and the potential for capital gain is still evident in the price comparisons from 2003. Medium House Prices 2003 2012 Auckland $289,000 $500,000 Waikato/ BOP $176,000 $319,000 Manawatu/ Wanganui $107,000 $226,050 […]
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Sales are up once again for June, 17.3% year on year (REINZ), with record median prices of $372,000 up $3,000, a new record high with Auckland reaching $500,000 record median prices in June. The prices for June have increased across the country, not just in the previously reported regions of Auckland and Christchurch. Central Otago […]
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Many banking economists believe that the RBNZ will leave the OCR unchanged for an extended period. Borrowers continue to have time on their side, with interest rates expected to stay lower for longer. A recommended strategy is to cover risk by placing some funding with banks on fixed terms and leaving the flexibility of floating […]
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With no details yet emerging from the EU summit, markets remain wary. With Greece in its fifth year of recession and the unemployment rate at 23%, Greece has asked for some modifications to the austerity program. Elsewhere, EU leaders are focused on immediate help for Spain and Italy, which will help chart a path out […]
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