Predicting future trends based on monthly percentage increases in property prices is for the foolhardy. However sighting the peaks and troughs in price movements over a longer time frame like a year or five years creates interesting debate. Trade Me’s Sales Price Index is therefore invaluable to property investors whom love to discuss ‘all things property’.
While other regions experience stagnant growth Asia-Pacific continues at a rate of 5.5 percent. New Zealand’s economy is one of the fastest growing in the Asia-Pacific regions at a rate of 3 percent and Auckland is it’s powerhouse economic hub. Auckland ranks highly as a new world city and it’s attracting migrants and global investors whom especially like to invest in real estate. Continue reading
Our banks are in good shape and can withstand the Dairy and Housing woes according to a news item on interest.co.nz. The news item was referring to a Standard & Poor’s report on the banks ability to withstand the threats of these two markets. Continue reading
Auckland is New Zealand’s economic power house and while it’s not the capital city is it our largest city and the one on most people’s lips when they think of our country. Continue reading
Asking prices for Auckland properties have jumped up by 17 percent in the past 12 months. This would be huge news anywhere else in the country but not Auckland as it’s less than the peak of more than 20% achieved June 2015. Continue reading
Housing demand in the Auckland region is getting worse and there’s no sign of it easing any time soon.
Building consents for the Auckland region dropped in September for the second month in a row. 13000 new homes are needed each year to cope with the increase in population however new building consents are falling far short. Continue reading
The year to September 2015 saw the median house price rise by 25.4% in Auckland. Yet again eye watering growth for Auckland property owners. For the same period Christchurch’s median house price grow by 4.4% and Wellington achieved a modest 3.3%. Continue reading
The Auckland property market for property investors is now more so than ever before all about achieving high capital gains. The huge rise in property values in the region over the last year has eroded good yields where one to three percent is now the norm. Continue reading
The capital value (CV) hikes in 2014 resulted in huge rates bills for many unhappy homeowners in Auckland. Seven thousand property owners successfully challenged their CVs and have had their rates reduced. Continue reading
A building inspection is a comprehensive though non-invasive report of the condition of a property highlighting visual defects an owner or potential property buyer may wish to remedy. It does not report on anything hidden behind cladding only what’s visible to the naked eye therefore leaks for example may not always be detectable. Continue reading