The 2018 year ended with a fizz rather than a bang, with the lowest number of residential properties sold in the month of December for 7 years, according to the latest data from the Real Estate Institute of New Zealand (REINZ) released last week. Excerpts from that report outlined that … 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. We can provide you with a … Read more
Vendors need to be aware that real estate agents are now covered under the Anti-Money Laundering and Financing of Terrorism Act 2009 as of 1 January 2019. We are required to collect documents and identify our clients before we sign the agency agreement and carry out real estate agency work, … Read more
The Real Estate Institute of New Zealand (REINZ) released their November Monthly Property Report late last week. Excerpts from that report showed that the median house price for New Zealand increased by 6.5% from November 2017. However, Auckland’s median house price dropped -1.5% to … Read more
In his Weekly Overview of 13 December Tony Alexander, Chief Economist for the Bank of New Zealand, commented on BNZ’s shared equity scheme: “This week BNZ announced the start up next year of a shared equity scheme for home purchases. Details have yet to be fully thrashed out, but it … 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. We can provide you with a … Read more
The RBNZ has made the decision to further relax the rules around loan to value ratios (LVRs), which will offer our housing market a much-needed adrenaline shot. An LVR is how much you borrow, compared to the value of the thing you’re buying. It’s expressed as a percentage. So, if you’re buying an apartment … Read more
Excerpts from the October report by the Real Estate Institute of New Zealand (REINZ). The Auckland market had a more upbeat feel during October due to a significant increase in listings (+20%), including new developments in key residential suburbs. Days to sell also decreased by three days year-on-year … 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. We can provide you with a … Read more
The low number of new listings in July has meant that the number of houses sold in New Zealand during September decreased by -3.0% year-on-year. This was the lowest level number of properties sold since January this year, according to the latest data from the Real Estate Institute of New … Read more