NEW ZEALAND Property Investment. Commercial, Industrial, Office, Retail, Commercial Syndication & Otago University Property Investment Opportunities.
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"These numbers show very little if any alleviation in the shortage of listings is underway. In fact given that sales are rising the ratio of sales to listings continues to drift up. This sort of movement is correlated with prices also rising at an accelerating pace. Read or download the report here.
".... relatively low prices but rising steadily, sales volumes picking up, short supply in sought-after locations, and low interest rates likely to continue throughout next year due to the economic uncertainty nationwide. No boom, but a definite boost, particularly in central Auckland.
"All of the main eight measures we use to gauge the current strength of the residential real estate market around New Zealand have strengthened over the past month indicating that slowly but surely on average things are shifting to a sellers market. More and more first home buyers are appearing, prices are perceived to be edging upward, and auction clearance rates are considered to be improving. However there has been a sizeable lift in potential vendors seeking appraisals of their properties, and in the opinion of agents the market balance is only marginally in favour of sellers. Regional variations remain strong." Read or download report here
Despite the current uncertainty in global markets, house prices could grow by up to 6 per cent nationally over the coming year, according to an Infometrics report prepared for mortgage insurer QBE Lenders' Mortgage Insurance. Read full article here
"the underlying drift in real estate activity and prices is upward as the labour market improves and awareness of a worsening housing shortage increases...Our expectation is that prices on average will move higher over the next two to three years driven in large part by a strengthening labour market and inability of rising construction to make much dent in a housing shortage we now estimate to be approaching 45,000 units." Read the full report here
QVNZ’s index shows house prices in Auckland are now on average only a few points below the 2007 peak. Read article here
"Our third monthly BNZ-REINZ Market Survey of over 10,000 licensed real estate agents has found a rapidly strengthening upturn in Auckland’s residential real estate market but most other centres still showing caution. Wellington in particular appears generally lacklustre. Nationwide the results show price rises are still not occurring on average, sellers are generally more motivated than buyers, there is little change happening with regard to investor interest in the market though more and more first home buyers are appearing, and numbers through Open Homes keep improving. "Read article here
"...One of those sets of data comes in the form of the monthly REINZ real estate release and we learnt yesterday that seasonally adjusted turnover improved for the second month in a row in April though the change for the entire past three months is just 1.9% so activity is not soaring. Prices are however slowly creeping up with a gain of 1.1% in April and 1.1% also over the past three months. Our new monthly real estate agent shows rising interest from first home buyers and investors present though to a lesser degree."Read article here
"The simple truth going forward remains the same as it has been since we started highlighting the issue in the second half of 2004. We are not building enough houses in New Zealand. We won't be able to. Prices will rise. It's fairly simple really." Read full article