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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

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...

End of year target for new housing at Long Bay

Developer plans to strike contracts with many providers to put up 2500 homes Private developer Todd Property Group wants to have its first housing sections ready for sale towards the end of this year at its 160ha Long Bay development...

Councillor wants tighter rules on new houses in old suburbs

Tighter rules on new houses in character suburbs are needed, says Auckland councillor Sandra Coney.She was commenting on a disputed decision in which a box-shaped modern house was approved in Grey Lynn despite concerns about its...


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 [...]

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 [...]

Negotiate with your bank….

agent profile image Take no notice of bank published mortgage rates! Over the last three months we have heard many examples from buyers, mortgage brokers, solicitors etc of banks negotiating significant discounts against their published rates. With a large proportion of mortgages now on floating rates banks will compete hard to gain new business and convince you to [...]

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.