New Zealand housing market: Stable for now
New Zealand housing market stabilises as interest rate cuts bring balance. After volatility, median house prices have remained between $750,000-$801,000 for two years, currently at $790,000.
New Zealand housing market stabilises as interest rate cuts bring balance. After volatility, median house prices have remained between $750,000-$801,000 for two years, currently at $790,000.
A beachfront property in Mount Manganui has been completely transformed, from a 1970s two-level villa to a contemporary, resort-style abode, and will head to auction next month.
NZ construction faces challenges with crane numbers at lowest since 2016. RLB Crane Index shows 15.3% decline since last quarter, with only 105 cranes now visible nationwide, down from 124 in Q3 2024.
The Myf Porter story
Mortgage holders and prospective buyers will find further relief in the Reserve Bank of New Zealand’s decision to cut the official cash rate (OCR) by another 25bps, to 3.5 per cent, today.
In a game-changing partnership, Ray White has extended its contract with visual communication platform Canva for another two years, with 12 months still left on the contract.
Ray White New Zealand’s auctions show no sign of slowing down in the lead up to Easter, with the group scheduling 212 properties to go under the hammer last week.
Ray White Mt Eden sold more than $13 million in property at their in-room auctions yesterday, with nine properties going under the hammer.
Ray White New Zealand scheduled 212 properties to go under the hammer last week, recorded a clearance rate of 53.4 per cent, up 4.12 per cent year-on-year.
Ray White New Zealand members spent the month of March helping Ronald McDonald House Charities raise more than $400,000 during their House to House campaign.
In this increasingly competitive rental property market, it’s essential to raise the bar on your marketing. One of the most effective ways to achieve this is by showcasing your property via stunning photography. Here’s a few tips (that won’t cost the bank) to get you started! Time of the day … Read more
The Healthy Homes Standards (HHS) became law on 1 July 2019 and comprise of a set of standards for heating, insulation, ventilation, moisture and drainage, and draught stopping in rental properties. The Government recently announced a deadline extension to the HHS. What does this mean for property owners that are … Read more
Garden care can be a contentious subject for landlords and tenants. With each party often renouncing their responsibilities resulting in unkept gardens. What if there was a way to progressively bridge this eternal conflict. First let’s cover why there should be an effort to establish and maintain a garden. … Read more
Experts say house resale gains will slowly curtail as prices start to drop, while Christchurch numbers buck the trend. Pain or gain in New Zealand real estate sales? Kelvin Davidson, CoreLogic NZ’s chief property economist, predicts change is coming despite “no dramatic shifts” shown in their most recent pain … Read more
The Green Party’s support of kiwi renters was bolstered when they published an open letter to Prime Minister Jacinda Ardern calling for an immediate rent freeze until stronger rent controls are put in place. What did the Green Party’s rent control letter say? In their open letter … Read more
In December 2021, the government announced it would be making updates to the healthy homes standards (HHS) based on feedback received from the rental sector. The changes should come into effect by May 2022 and relate mostly to new homes built to relevant 2008 building code requirements. … Read more
In February, the government released a discussion document proposing residential rental property managers comply with a code of compliance and adhere to an annual licensing scheme to help protect tenants and landlords. What is included in the proposal? Property managers looking after residential tenancies on behalf of landlords … Read more
In a previous post we covered whether paying property management fees is worth it, covering key benefits of professional property management services and the reality of forgoing these to do the job yourself. This month we’re looking at how a good Christchurch property manager can add value for both … Read more
Unlawful dwellings are a very serious issue for both landlords and tenants — landlords can face serious fines and loss of rental income, while tenants may be living in an unsafe environment. What is an unlawful dwelling? Commonly, unlawful dwellings are secondary dwellings within a residential property that … Read more
The quintessential kiwi summer holiday may look a little different in 2021/2022, but the fact that we’ll be away from home remains the same. So, what do tenants and landlords need to take care of at home before they hit the road or runway? What do tenants need … Read more