Auckland Property Market Update March The latest statistics in the Auckland region’s real estate market indicate an interesting trend. Despite a significant increase in the number of properties for sale, the prices have remained stable, creating a scenario where buyers have more options to choose from. This situation has led to what is described as “flattish growth,” suggesting a market that is improving cautiously. Real…
Posts Taggedproperty
Converting Your Cross Lease Title to Freehold
Converting Your Cross Lease Title to Freehold Last year we talked about the benefits of a freehold title over a cross lease, so this month we would like to give you an idea of what is involved in converting your title to freehold. The Process to Convert Your Cross Lease Title To convert your cross-lease title to a freehold (‘fee simple’) title you will need…
Reasons To Be Optimistic About The Markets In 2024
Reasons To Be Optimistic About The Markets In 2024 A year ago, I wrote on the topics below with the same optimism I’ve written about in this article. Suffice to say, it seems I was a little early in my optimism for 2023! To be honest, everything we thought would play out, did play out, it just went a little slower than expected. These key…
Should I Sell My Property On A Pre-Auction Offer?
Should I Sell My Property On A Pre-Auction Offer? Property question Q: I have been talking to a few agents about selling my house later this year. Two of the three have suggested going to auction. I’ve heard of people selling on a pre-auction offer – how does that work and is it a good thing to bring the auction forward? Thanks, Lily W. A:…
Property Market Update – October 2023
Property Market Update – October 2023 While a new government goes through the process of “finalising” its make-up and direction for the next three years (and possibly more), the real estate market continues to show signs of strengthening. In summary, the growth is positive but measured. The REINZ reports that October saw steady activity and although overall sales numbers suffered a slight decrease in volume…
The Property Market Continues to Stabilise
The Property Market Continues to Stabilise The August report from the Real Estate Institute of New Zealand (REINZ) shows steady activity in the housing market compared to the previous year and July 2023. In the Auckland region, the sales count year-on-year was up by 18.2%, indicating a strong increase in the number of sales. The median days to sell within the Auckland region have shortened…
Property Market Update For June 2023
Property Market Update For June 2023 The Real Estate Institute of New Zealand (REINZ) has released its June 2023 report, which shows a renewed level of activity in the New Zealand property market. Compared to June 2022, June 2023 has seen a notable increase in sales, with a total of 5,629 properties sold across New Zealand, up 14.6% year-on-year. This increase in sales is particularly…
Benefits Of Being A Homeowner
Benefits Of Being A Homeowner Owning a home is a significant milestone for any New Zealander and it has been throughout our history and the benefits of being a homeowner are massive. Home ownership provides numerous advantages including stability, financial security, freedom, self-expression, leverage and the opportunity to build equity over time. Home ownership does come with financial responsibilities, but this does not out way…
Riding The Rollercoaster of Property
Riding The Rollercoaster of Property Well, here we are at the end of another interesting year in property 2022 – and it’s been a real rollercoaster! Here is an interesting graph about NZ asset classes (as at Sept 2022). You can see that we as a nation are pretty committed to property – no wonder we call it our national sport! What surprised me is…
Why Isn’t My Home Selling?
Why isn’t my Home Selling? Q: We put our home on the market 3 months ago (auction) and had no bids. Since then we have marketed it By Negotiation but we haven’t received one written offer. Our agent is a lovely lady but we just don’t seem to be getting anywhere. Any suggestions? Diana C. There is nothing as frustrating for a home seller as…