Up to Date

  • Low number of new listings impacts August sales volumes

    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

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  • August 2019 sales in the Eastern Beaches area

    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

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  • Official Cash Rate cut bombshell reverberates through to rates

    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

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  • July 2019 sales in the Eastern Beaches area

    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

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  • Highest number of Auckland properties sold in month of July for 3 years

    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

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  • Auckland median price unchanged

    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

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  • Will NZ house prices fall as sharply as the prices in Melbourne and Sydney?

    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

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  • June 2019 sales in the Eastern Beaches area

    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

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  • Fewer new listings and stock sitting for longer

    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

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