The Real Estate Institute of NZ (REINZ) released its August monthly property report last Thursday 12th September. Bindi Norwell, Chief Executive at REINZ said: “Despite a good uplift in sales during July, August saw sales volumes fall by -6.1% from the same time last year – the lowest level of sales … Read more
The figures below include all sales by all agencies for the suburbs of Bucklands Beach, Eastern Beach, Half Moon Bay, Howick, Cockle Bay, Shelly Park, Highland Park, Farm Cove, Sunnyhills, Pakuranga, Edgewater, Botany Downs, Northpark, Dannemora, East Tamaki, Flat Bush, Whitford, Beachlands and Maraetai. The full report is available here. … Read more
The Reserve Bank shocked lenders and borrowers alike with it’s big August Cash Rate cut sending the market into a spin and lenders scurrying to outdo each other on rates in a mortgage rate battle that could leave buyers with a smile on their face. OCR Shock: the dust is … Read more
A recent study has revealed that it takes only eight minutes on average for house hunters to decide whether or not to buy a particular property. That’s swift! Even more-so if you consider that buying a home is the single biggest purchase a person will make in their lifetime. So if … Read more
The figures below include all sales by all agencies for the suburbs of Bucklands Beach, Eastern Beach, Half Moon Bay, Howick, Cockle Bay, Shelly Park, Highland Park, Farm Cove, Sunnyhills, Pakuranga, Edgewater, Botany Downs, Northpark, Dannemora, East Tamaki, Flat Bush, Whitford, Beachlands and Maraetai. The full report is available here. … Read more
According to data received from the Real Estate Institute of New Zealand (REINZ), the number of properties sold in Auckland in July increased by 6.6% year-on-year (up from 1,777 to 1,894). New listings decreased by 2.5% year-on-year, however the Auckland region saw the highest number of properties sold in the … Read more
Last week, the Real Estate Institute of New Zealand (REINZ) released their June report on the real estate market in New Zealand. Results from the Auckland market showed that the median price is flat, the number of new listings is down and properties are taking longer to sell. Median house … Read more
In mid-July, Tony Alexander, Chief Economist for the BNZ, was asked whether NZ house prices might fall as sharply as those in Melbourne and Sydney (which have retreated 10% – 15% from their peaks). Tony doesn’t think that will happen in NZ – for the reasons below. __________________________________________ Forecasts of … Read more
The figures below include all sales by all agencies for the suburbs of Bucklands Beach, Eastern Beach, Half Moon Bay, Howick, Cockle Bay, Shelly Park, Highland Park, Farm Cove, Sunnyhills, Pakuranga, Edgewater, Botany Downs, Northpark, Dannemora, East Tamaki, Flat Bush, Whitford, Beachlands and Maraetai. The full report is available here. … Read more
Last Friday, the Real Estate Institute of NZ (REINZ) released its Monthly Property Report which showed some big increases in median prices in some areas around New Zealand. Auckland was not one of them! Auckland Results: Median house prices increased by 1.2% year-on-year from $850,000 to $860,000, compared to May … Read more