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Real Estate Insights

Financial stress in the property market appears to be easing as mortgagee listings decline

Mortgagee listings are declining, this year faster than prior years. However the headline data hides a tale of 2 markets - Auckland is easing very quickly but the rest of the country is still cast in the shadow of mortgagee stress

Auckland Property Report – April 2012

The Auckland property market is certainly more alive than it has been for a number of years - the continued shortage of listings matched to strong demand and strong sales is leading to a higher asking price and a strong rise in sales price, certainly not a bubble, but a warming pot!

NZ Property Report – April 2012

The property market is showing signs of some rebalancing of supply and demand, however not in Auckland where continued tightness of listings and strong demand is driving higher asking prices by sellers

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News

Do-up delight: $1.3m state house

Housing New Zealand Corporation recorded a windfall but state tenants a loss after a government house sold yesterday for $1.3 million - nearly double its valuation.Housing NZ went to Barfoot & Thompson's auction to quit its solid...

Kiwi Income bounces back with $89.2m profit

Kiwi Income Property Trust says it returned to profit in the year to March after reporting a bottom line loss in the previous year.After taking into account property revaluations, other non-cash adjustments and the settlement of...

Dispute puts sanctuary cash at risk

A stoush between landowners and councils over access to land at a wildlife sanctuary south of Cambridge has led to concerns about the fate of more than $1 million in funding.Up to five landowners had blocked access to fencing at...


Real Estate Blogs

So what’s the big deal about needing a larger deposit?

agent profile image Isn’t it a good idea that the Reserve Bank is making sounds about requiring higher deposits for bank loans? At the risk of sounding like an old codger, back in the day  when I bought my first home you needed at least 20 per cent deposit (some of which could be a government Home Start [...]

Market Update

agent profile image The April statistics showed a drop in volume of residential properties sold through all Real Estate Agencies in Feilding in April. The number dropped to 23 in April after 2 strong months at 35 in February and 32 in March. Palmerston North dropped from 141 in March to 79 in April. Our residential median is [...]

Almost Real Estate TV – the future…

agent profile image May 2012 Looking at this great periodic TV type video spot from the Gary Peer Real Estate organisation over in Melbourne…. …one can’t but grasp how far the industry has come in terms of its embracing all forms of media. Tis also great to see a touch of humour and reality, along with the reality [...]

GREAT TIME TO BUY IN WELLINGTON!!

agent profile image Wow!! Have we got an interesting market out there, or what??? It ain’t necessarily easy, but it is anything but boring, and I believe if you look into it pragmatically, the fundamentals strongly suggest NOW is a great time to be buying in Wellington! Let’s have a look at what is happening in the market, [...]

Pt Chevalier property frenzy

agent profile image If the volume of calls, texts and emails this morning is any indication we are in for a very busy weekend of open homes. Banks are offering amazing one year mortgage rates and cash incentives so it’s not surprising that we have such strong demand from buyers right now. Usually demand tapers off in May [...]

Locations

Popular Suburbs

We look at the total number of properties in a suburb compared to the amount of listings, views and average time to sell for a snapshot of what's hot around NZ.