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..

Top 5 Things You need to know about the market:

1. February price values are up 13.5%, compared to 2021 and up 20.6% outside of Auckland
2. House price changes vary regionally - some regions are up some are down compared to January 2022
3. CCCFA correction announced on 11 March will bring more buyers to the..

Many New Zealand home buyers are being tempted by the open spaces and brilliant value of the regions. As a little of the lustre wears off in the Auckland and Wellington property markets, regional property is in hot demand. And it’s a trend that looks set to continue.

Thinking about selling? Find out whether New Zealand property tax laws may affect you (by taking a chunk out of your capital gain). Whether this is your first home, or you’ve been out of the market for a few years, now’s a great time to brush up on your tax obligations.