Category: New Zealand Real Estate

According to the latest data from the Real Estate Institute of New Zealand, the country's house prices have experienced a significant decline. The figures show that certain areas of Auckland have experienced a drop of over $400,000 in the last year. The REINZ's House Price Index indicates that house prices across the country have dropped by 13.9% o...

Recent floods in Auckland have affected many properties and homeowners may be faced with the task of cleaning up and making insurance claims. Here's what you need to know: Safety First: Before entering a flooded property, it's important to ensure that it's safe to do so. If there's any potential danger, such as electrical hazards, it's best to ...

Authorities in New Zealand have predicted further heavy rain for Auckland in the coming days as insurers tabulate the costs of what is likely to be the costliest weather disaster the country has ever experienced. The La Nina weather phenomenon is causing the north of the North Island of New Zealand to experience above-average rainfall. Auckland has...

From the buyers' perspective, 2022 ended on a positive note for the New Zealand real estate market, as housing prices across several regions fell drastically. The transition in housing costs is in tandem with rising inflation, bloated interest rates, and shifting lending rules by NZ financial institutions. These factors have had a cooling effect on...

New Zealand real estate market is witnessing a slowdown, and prices across the country are reported to be falling. This time, it has been predicted that the drop in prices would be the greatest in the last 30 years. The rise in interest rates is seen as one of the major causes for the decline. New Zealand housing market is one of the most ...

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...

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...

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...