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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

Matt McCarten: Derisory Budget wages war on working class

It's usual for any government to selectively release some of their Budget policies before it's dropped on Parliament. This year is no exception.At present we have an $11 billion deficit. The Government claims it's going into the...

Bernard Hickey: Trim debt load with the savings we make for you

Last week I recommended that readers ring their bankers to demand a lower floating mortgage rate.I've been swamped with tweets and emails from readers saying it worked. Many report getting their floating rates reduced from 5.75...

Holiday homes an airline club perk

Forget chips and dip after work on Friday - the Air New Zealand sports and social club has an $8 million property portfolio with which to treat workers.While most social clubs put in for paintball or drinks after work, members of...


Real Estate Blogs

Ex state Auction action…

agent profile image At 3.15pm today 37 Miller St, Pt Chevalier is up for auction. The outcome will be very interesting as there has been much publicity around the sale of original doer upper ex states selling for amazing prices, whereas 37 Miller St is fully renovated and extended and now offers contemporary living that is simply exceptional. [...]

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 [...]

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 [...]

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, [...]

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.