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
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
by Alister Helm, posted 7 June 2019 on www.properazzi.co.nz This is a simple question, but unfortunately it does not have a simple answer. I was prompted to try and answer the question when I was contacted Susan Edmunds a journalist working with Stuff. I personally love to be asked these … Read more
By Tony Alexander, chief economist for the Bank of New Zealand Migration data released by Statistics NZ last week suggests a net gain to our population of 56,000 in the year to February 2019, up from 49,000 in the middle of 2018, so we can say the migration trend is … Read more
Last Tuesday we received the April house sales data from the Real Estate Institute of NZ, who reported that “Our seasonally adjusted results tell us that, compared to what we expect when moving from March to April, the observed small decrease in median price was less than expected, and the … 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
By Ashley Church Now that the proposal to introduce a capital gains tax (CGT) has been firmly rejected, what’s likely to happen next? Obviously, I can’t anticipate every detail of this Governments future approach to property, but I can reasonably confidently fill in some broad strokes: CGT is dead for … Read more