Real Estate Insights

Property prices rising slower this year

The strong rise in property asking prices has slowed down markedly in recent months. Over the last year, the national asking price for properties increased by only 3.9%, compared to an 8.7% increase in the preceding year. At the same time, the available inventory of homes for sale remains well below the long-term average. The […]

New home listings unseasonably low

The usual surge in new home listings on the market in August is noticeably weaker this year compared to the past, with just 9,482 new listings. New residential property listings are 11.5% down on the same time last year. This fall affected most regions around the country, with only Northland, the Coromandel and Central North […]

Average asking of homes remains high

Home sellers are still expecting near record prices for their homes. The national average asking price is $488,711, only 0.4% lower than the all-time record achieved in June. Three individual regions achieved new record high asking prices in July. On average, sellers in Waikato want $394,806 for their homes, marginally higher than the previous high […]

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Real Estate Blogs

Feilding’s Market Quite Busy!

agent profile image The number of Feilding house sales in September through all Agencies was at a long term  average. This is pleasing. There were 33 sales compared with 22 last September. Palmerston North had 104 sales in September 2014 which is the same number as in September 2013. Feilding’s median residential house sale price calculated over 3 […]

Replacing blown fuses in older rental properties

agent profile image Fixing a blown fuse in rental properties these days is usually as simple as flicking a switch. This is because all new properties are required by law to install Residual Current Devices (RCDs) that will disconnect electricity when there is a power overload. As blown fuses are usually caused by switch overloading, it is usually […]

Town Centre Active

agent profile image Feilding’s commercial real estate market is relatively buoyant with significant leasing taking place, some sales, and a number of new developments about to launch. Feilding has enjoyed considerable new development over the last 6 years of economic downturn. We have a great future. Central government will soon finalise sensible legislation around earthquake prone buildings, which […]

Auckland auction sales drop 25% in September

agent profile image The commencement of the spring market has seen the number of Auckland auction sales drop by 25%  when comparing September 2014 with the same month last year, according to the latest press release from the Real Estate Institute. 32.8% of all dwelling sales in Auckland were by auction in September 2014, compared with 43.8% of all dwelling sales in Auckland […]

The Block Open Day

agent profile image TV3’s The Block open day will be held on Saturday 25th October from 9am to 3pm and the best way to get there would be to catch the Outer Link bus and get off near the intersection of Meola Rd and Walford Rd, Pt Chevalier Full details including a map, proposed events and activities are […]