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Latest News on the Property Market
Property of the week – Warden Street, Richmond
Here's a sneak peek at what's on our watchlist today 7 Warden Street, Richmond Price $555,000 Bedrooms 3 bedrooms Bathrooms 2 bathroom Property type Townhouse Floor area 126m² Land area 118m² Parking Single garage These homes are full turn-key house and land...
bank economists “Get set for interest rates below 2%”
Mortgage rates could drop below 2 per cent within the next year, economists say, as the world reacts to the fallout from Covid-19. The official cash rate is on hold at 0.25 per cent until March but it is increasingly expected that it could fall into negative territory...
Lack of listings pushing prices up according to Realestate.co.nz
Low housing stock around the country is driving prices up, according to Realestate.co.nz. The total number of homes available for sale in July was down 11 per cent on the same month last year, the real estate listings website’s spokeswoman, Vanessa Taylor, said. The...
Here’s why the economic hit of Covid-19 might not be as bad as everyone thought
Too often people choose to focus on the negatives and forget that often the groups affected by new factors are small, and their actions are not replicated across the entire economy or population. Employment is one of these things. People are clearly losing jobs as a...
NZ on track for a ‘V-shaped’ recovery
New Zealand may be on track for a ‘V-shaped’ recovery as the downturn looks likely to fall on the “moderate end of expectations,” according to Westpac economists. In its weekly commentary, Westpac says that some key economic indicators have performed better than...
Sales, prices surge up – defying expectations
According to the latest REINZ data, median house prices nationwide were up by 9.2% to $639,000 in June, as compared to $585,000 in June 2019. They were also up by 3.1% from $620,000 in May 2020. Likewise, Auckland’s median house prices increased by 9.2% year-on-year...
The Top Three Basic Investment Strategies
Any sensible investment should be about managing risk and cash flow, looking for maximum upside, but also having an exit strategy. How many rental properties do you need? Should you make principal or interest only payments? Finally, when should you sell? These...
Interest rates below 2% just announced!
Heartland Bank released the lowest home loan rate in New Zealand history yesterday, announcing a one-year fixed loan rate at 1.99 per cent. In addition to the record-low rate, they're also offering a fixed two-year rate of 2.35 per cent and a three-year rate of 2.45...
NZ housing market has reached an eight-year high
Confidence in the housing market has reached an eight-year high, according to ASB bank's latest housing confidence survey. The survey, which covers the three months ended June, shows a net 21 per cent of respondents thought it was a good time to buy a house, compared...
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