Where are New Zealand’s ten most expensive streets? These surprising picks are concentrated in just two areas
Property research firm CoreLogic recently revealed New Zealand’s ten most expensive streets
Property · Building · Design
Property research firm CoreLogic recently revealed New Zealand’s ten most expensive streets
Days of heavy rain since last Friday have caused flooding in Auckland, Northland and other areas, damaging thousands of properties
Auckland Council advises flood-affected homeowners to contact their insurer first, but insurers are also continuing to receive overwhelming numbers of calls
So how has the mortgage market been performing recently? We have heard from several sources that many mortgage brokers have received more enquiries than usual since January
With the Christmas and New Year holidays barely over, many buyers have already started house hunting. Agents say there are plenty of listings to choose from, and large numbers of buyers, particularly first-home buyers, have flocked to their open homes
At 10:45 this morning, Stats NZ released the latest CPI (Consumers Price Index) figures as scheduled.
Is the housing market still sluggish in 2023? Frontline agents report crowded open homes as more buyers return at the start of the year!
In the three months to the end of December 2022, the national average property value fell 3.4%
In the fourth quarter of 2022, the cost of building a standard single-storey, three-bedroom, two-bathroom brick-and-tile home, excluding land, was around 10% higher than in the same period of 2021
As interest rates rise, more buyers are hesitating, directly lengthening the time homes take to sell and substantially increasing the number of properties listed for sale.
Since 2022, however, the construction industry has been under severe strain from shortages of both building materials and construction workers.
Under multiple pressures, New Zealand’s property market has shifted into a buyer’s market, with many homeowners repeatedly cutting their asking prices