As we step into spring, it’sa good time to reflect on how the property market performed through the winter months and what this might mean for the season ahead.

On 28 May, the Reserve Bank made a widely anticipated move: a 25-basis point cut to the Official Cash Rate (OCR), lowering it to 3.25%. This decision reflects concerns about sluggish economic growth and aims to stimulate activity, including in the property market.

As we closed out 2024, the New Zealand property market experienced a relatively quiet December, consistent with seasonal trends. The latest figures from the Real Estate Institute of New Zealand (REINZ) indicate that sales activity slowed as many buyers and sellers stepped back over the summer holida..

Spring has sprung, and with it comes a wave of optimism in the New Zealand real estate market. According to the latest figures from the Real Estate Institute of New Zealand (REINZ) for September 2024, house prices are beginning to stabilise, and confidence is rising among both buyers and vendors. Co..

As we enter the final quarter of the year, there’s plenty to discuss in the property market. The recent cut in the Official Cash Rate to 4.75% has lowered mortgage rates, and the latest Real Estate Institute of New Zealand (REINZ) report shows a market that’s flat overall but with signs of optimism...

As we head in to Spring, it’s clear that the property market has shifted. July saw a rebound in sales activity after a slow June, August’s sales volumes remained subdued, however, the market has turned this Spring and buyer interest is increasing.

With the latest CPI inflation data from Sats New Zealand coming in at 3.3% for the 2nd quarter - lower than predicted by the Reserve Bank - plus market data showing low confidence in the economy, a reversal in immigration numbers, declining retail spending figures, and a stalling in house prices, th..

Are you considering selling your home? Knowing its current market value is a crucial first step, and a free market appraisal from a local Real Estate Salesperson is the best way to start.

As the New Zealand property market heads into what’s traditionally the slower winter months, now is a good time to take stock and make a decision on what your property goals are for 2024 and beyond.

Here are five things you need to know so you can talk about the property market and not the rugby.

1. House price values are stable compared to a year ago but dropping from their peak in November 2021
2. It is a buyers (with finance) market
3. Sellers still have power as the economy is strong
4. Winter is slo..