The quarterly analysis of the property market covering the first 3 months of 2012 clearly show that sales have really taken off, but as yet listings are slow to respond. The chart below paints a very clear picture of this situation. The quarterly sales growth represented by the red bars shows that year-on-year sales growth [...]
I read this great update on Open2view today regarding this years Architecture awards. Have a read and watch the vid for inspiration! The 2012 winners of the New Zealand Architecture Awards were announced yesterday by – who else – theNew Zealand Institute of Architects. The Awards, in their words, “provide a snapshot of the best [...]
Values in the Wellington area are the same as they were a year ago, having dropped 2.0% for the first six months, then steadily increasing for the last 6 months. “Across Wellington, prices seem to be firming and more listings are coming to the market. Buyers are still being cautious, especially with the public sector [...]
By Laura Frykberg – 3 news Home buyers have less to choose from this summer, with the number of houses for sale taking a dive in December. The shortage is most acute in Auckland, Christchurch and Wellington, but the competition could be good news for sellers. There were half as many properties listed in Wellington [...]
Check out some of these fabulous homes I found online…. Versailles (Windermere, Florida) – $100 million ($75 million as-is) At 90,000 square feet, this magnificent work in progress has been dubbed the “largest single family home under one roof in America.” Featuring thirteen bedrooms and twenty-three bathrooms, no one living in or visiting this palatial [...]
I thought I would repeat this article I received from Mortgage Link recently that indicates a gradual change in the lending attitudes of our major banks. In the medium term, this will be good for the housing market. Based on the general disclosure statements (GDSs) from the last quarter of 2011, the big banks are increasing the number [...]
If you’ve been struggling to get a deposit together for your first home or the bank is requiring you to have more equity before they will grant you a mortgage, it may be worth exploring the Kiwisaver angle. There are two options – a deposit subsidy or savings withdrawal. Option One – Deposit Subsidy After [...]
The vast majority of properties in New Zealand sell through an agent under an exclusive agency agreement. Though selling your home yourself has always been an option, most home owners opt to employ someone who has had previous experience in doing this to market their home on their behalf. You may be living in your [...]
Have a watch of this video of an interview between Alistair Helm of realestate.co.nz and Bernard Hickey of interest.co.nz . Some great points of discussion as they dissect the current property market trends. If you are considering selling especially in Wellington, this next three months will pay dividends as good buyer demand and a low level [...]
Through the last 2 quarters of 2011 the rate of property sales in NZ continued to grow; reaching a 22% year-on-year increase in the final quarter, whilst at the same time total new listings were down 1%. This is the summary of the Quarterly Property Pulse complied from Realestate.co.nz listings data and REINZ sales data. [...]
The property market in NZ starts 2012 in better shape than it has for the past 5 years. It would not be too optimistic to say that the industry, certainly in terms of volume sales has turned a corner. Some parts turned that corner 6 months ago (notably Auckland) whilst some will take a few [...]
I thought I’d take the opportunity to talk about a recent house sale of mine that to me highlights the power of the internet in today’s world especially in the marketing of residential property. About a month ago I received a phone call out of the blue. The lovely lady on the other end of [...]
If you are thinking about selling your home this Summer, I would love to talk with you now about my special offer… 25% off my standard commission rate PLUS complementary advertising in the Property Press for the first month PLUS massive web exposure on five websites including realestate.co.nz and trademe, firstnational.co.nz, and google PLUS social media [...]
With more light, warmer weather, and a bit of non work time on the cards over the Xmas break, this is the time of year that potential house movers use to get their home spruced up and ready to market in the New Year. It is important to make your budget and your energy go [...]
Have you thought about owning a home but don’t know how to go about it? This is a great opportunity to find out all the things Home Buyers need to know. Learn about: The Welcome Home First Steps workshops from Housing new Zealand take you through the following seven modules about the house buying process: Is home [...]
The commencement date for the Unit Titles Act 2010 (Act) has just been announced. From 20 June 2011, sellers of unit title property will need to comply with disclosure obligations under the Act, including in respect of existing agreements, and will be obliged to provide buyers with up to three separate disclosure statements. The Act also brings [...]
