InSight

COVID-19 restrictions outside the city and Level 4 restrictions inside have forced the market to drop to a 4-month low with the average asking price dropping by 2.8% to $865,348 in September, from $900,671 in August, as per industry reports. The Auckland housing market, however, remained buoyant. Tough times for the NZ real estate market? The ho...

Auckland has seen a jump from 1 million to 1.6 million in population, in the last two decades. Demand for Auckland property allowed the city to attracted both local buyers and investors as well as foreign ones. But, the population explosion only served to increase demand and competition for availing quality suburban property in the city. The Auckla...

The Covid lockdown has been instrumental in jumpstarting the buzz around the Christchurch housing market. Almost every notable realty agency in the city vouches for reinvigorated interest in property listings. The 2021 Level 4 lockdown has trumped the 2020 Level 4 lockdown as per sources from the Real Estate Institute. The market reflected the fait...

Insatiable demand from investors and homebuyers has prompted the development of numerous new homes in Christchurch. The city has issued building consents for as many as 2800 new projects hitherto, in the last 12 months. The Christchurch housing market now reflects a 12% year-on-year growth in 2020-21, in this regard. What’s fueling the grow...

Christchurch has always been touted as one of the most affordable housing markets in NZ. But, that is definitely changing, as the region has tasted its fair share of million-dollar-plus residential asset sales in this financial year.  Like everywhere else in NZ, the median house price in the Christchurch housing market has jumped reaching a median...

The Auckland Housing market has baffled pundits and consumers alike by rising 28.7%, against all expectations and forecasts. This spelled a national median of $820,000 by June, according to institutional real estate news agencies. At least five out of sixteen regions in NZ have hit new median prices for housing; one region held on to the same media...

In 2021, the annual increase in asking price reached 16% by March. The Auckland housing market news was quite iterative of the impressive sale numbers- in spite of a drop in supply by 9%, and a demand increase by 26%, in March. Wellington leads the pack with its highest year-on-year growth, clocking 20% above the average asking price prevalent thi...

In any market, it is difficult to offload a commodity that is in bad shape. That applies even more to real estate deals. Generally, when we mention ‘property’ and ‘bad condition’, we can consider multiple shortcomings with the asset by a thumb rule, which makes it further difficult to offload properties in bad condition. Therefore, for sell...

Expert industry study of the Auckland housing market numbers in early May has led to pundits concluding a decrease in buyer interest. The Auckland housing market performed magnificently in the first 6 months of the calendar year. But, an 11% decrease in buyer demands for property valuations has been noted in early May, compared to the past 6 months...

The Auckland Real Estate market left investors and buyers spoilt for choices 2020, begins on a high note in 2021. The real estate market in Auckland witnessed booming business in March 2020. This came as a welcome decision on the heels of the New Zealand’s effort to uphold financial fair play. A further promise of a cash infusion of $4 billi...