InSight

New Zealand's average house value was down annually for the first time in over a decade in September, according to the latest figures by Quotable Value (QV). This left the national average at $956,592, according to the property company’s latest house price index. The Christchurch market has been in pain too, with property values dropping by aroun...

Statistics NZ provides the estimate of decrease in natural demand for housing in New Zealand. The increase of 21,200 was witnessed in June 2021. However, this figure has dropped to 12,700 in June 2022. Moreover, this is much below than the average demand 94,800 a year, witnessed from 2018 to 2020. Generally, it takes two years for dwellings to t...

In a post-pandemic market, when 28 out of Auckland’s 276 suburbs, 26 out of 41 of Hamilton’s suburbs, and 7 out of 56 Wellington’s suburbs- are still valued above $1 mn - Christchurch has more to offer to home buyers, and investors alike. The Christchurch housing market still has 70% of its suburbs valued under $1 mn, with all of the same val...

As the New Zealand housing market enters its price correction mode, tight lending conditions and high median values spell a slow market for most major centers. However, Christchurch continues to thwart the trends and rake in profits for brokers, sellers, and buyers alike. The Christchurch housing market continues to depict high profits for sales a...

Buyers are seeking control of the housing market in Christchurch for the first time in two years, as you read this. The transition in the Christchurch housing market comes in the wake of housing prices dropping the sharpest for the first time in a decade across New Zealand. National home valuation stats indicate that the real estate main centres a...

A recent forecast from the financial institutions indicates that the Christchurch real estate market may be going soft in 2022. These reports speak about a drop of 6% by the end of the calendar year; higher than the previously reported forecast of 2.9%. Economy pundits have already opined that a market slowdown is a welcome change after the mass...

A recent drop in Auckland housing prices may have worked in favor of real estate brokerage agencies and private sellers. Even as the selling prices and sales volumes dropped by a margin, the trading patterns remained quite the same. Property listings in the Auckland housing market were up by 19.7% still, on a month-on-month basis; and compared to t...

Recent market data has been indicating a positive fare of events for the Christchurch housing market in 2022. Average asking prices in the metro have touched a record 14-year high with an uptick from the October data of $933,135 to $969,604. Listings are up by 9% on a year-on-year basis, a feat last seen demonstrated by 2014’s Christchurch housin...

The last quarter witnessed Christchurch housing market prices soar to their highest in three months. A growth of 8.8% in three months, helped the metro depict the biggest growth of all the seven major housing markets in NZ. While the housing prices in Christchurch are the lowest among these metros. The incumbent hike in the Official Cash Rate (OCR)...

New Zealand’s average home property values have jumped by 5% to $1021 million in the past three months. The slow, but steady growth rate accounts for an increment of $45,000 in the average housing property value; and, thus is a bearer of good tidings in a Christchurch housing market deprived by the lockdowns and new governmental LVR policies for...