The amount of real estate sales are stable and with average values going up. Kelvin Davidson, CoreLogic Senior Property Economist steady positive rises should continue but cautions there are some important milestones to watch out for in the final few […]
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Chatter over last week’s surprise cut to the official cash rate by Graeme Wheeler continues to rumble on. Most people, including yours truly, figured a cut would come on June 9 2016, but the Reserve Bank governor unexpectedly sliced a […]
Shock announcement from the Reserve bank, the OCR is down to 2.25%. RBNZ governor Graeme Wheeler says: “The outlook for global growth has deteriorated since the December Monetary Policy Statement, due to weaker growth in China and other emerging markets, […]
House prices are continuing to drop across Auckland according to the latest figures from QV, it reports they are down 0.7 per cent over the past three months, but the regions are picking up. Nevertheless, the average price of a […]
For the time of year, the number of properties listed for sale is at a 20-year low, says Peter Thompson, managing director of Barfoot & Thompson. With so few properties on the market, those that are listed should attract a […]
ASB chief economist Nick Tuffley says population growth in New Zealand accounts for much of our current economic growth (such as it is) — which is perhaps why the government is not keen to cut migrant numbers and take the […]
For the first time in more than a year Auckland property values have dropped in price — to an average $928,921.
The latest Reserve Bank bulletin contained few surprises for those who watch the real estate market. The well-informed sages at the RBNZ say house prices in New Zealand have “risen significantly over the past five decades”. And that in real […]
There’s a fundamental shortage of new listings in Auckland, says BNZ economist Tony Alexander. A situation that makes it difficult for those looking for a home, and potentially puts off people from listing their property for sale. Alexander says: “Auckland […]
The gap between what we pay for a house and the amount we earn is the widest on the planet. New Zealand, according to the Fitch ratings agency, is the most expensive place in the world for wage earners to […]
Home buyers should see less competition at auctions during the next few months — providing a small window of opportunity for those looking for their first property. According to Nick Goodall, a senior research analyst at property data firm CoreLogic, […]
It looks like Auckland real estate is facing a stalemate, with potential sellers reluctant to list their property because there’s little on the market to buy. It’s the ultimate chicken and egg situation that’s a repeat of this time last […]
Welcome to Property Podcast 29 for 18 December. In this edition I report on how the IRD has stifled the real estate industry, do a round up of end-of-year real estate data, and touch on the Commerce Commission’s action against […]