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Viewing entries tagged with 'prices'

June 18

Kiwis rekindle love with property

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"...While property prices are likely to pick up in future, a rental investment should stack up as just that - an investment. Properties are available at 8 per cent or 9 per cent gross return. Look for those - then any capital gains are just the icing on the cake."...Read the full article here

May 22

Investors Return to Property

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 With low mortgage rates and rising rental returns, New Zealanders have returned to property as their favoured investment....Anecdotally Auckland and Christchurch appeared to be the most popular areas with property investors, as well as pockets of Dunedin.   Read the full article here

March 13

BNZ Weekly Overview 8th March 2012

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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.

March 13

February house sales hit four-year high

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"The real estate market in February has built on the strong results in December and January with a 37% lift in sales across the country compared to February last year and the highest number of transactions in a February month since 2008," said REINZ chief executive Helen O'Sullivan."

February 20

Improvements in Real Estate prices, sales and days to sell (BNZ Weekly Update)

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"...although all three measures we follow in the REINZ housing statistics report eased in January – prices, sales, and days to sell versus average – the underlying trends are for improvements in all three. The rising real estate market will eventually lead to rising consents and dwelling construction with assistance from recent cuts in bank fixed housing mortgage rates." Read or download the full report here

December 26

Real Estate Year in Review

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".... 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.

October 4

Global commodity boom driving farmland bids

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In a world where global investors are all looking for safe havens for their money, they see New Zealand farmland as good buying...Bloomberg reports that international investors, including billionaire George Soros and the Harvard University Endowment Fund are investing heavily in farmland in the US, parts of Europe, Latin America, Africa, and Australia. There has been offshore interest in New Zealand farms, including vineyards, kiwifruit and avocado orchards...Remarkably - and this would have sparked Fay's interest - New Zealand farmland prices have been falling in spite of record export dairy and other commodity prices. While these have cooled lately, few economists are expecting prices to plummet. Rabobank, in a report to a Washington conference a few days ago, predicted agricultural prices would shift higher and become more volatile, saying that any rolling back of biofuels legislation could add to the stresses. It said this would pose increasing problems for governments with their populations forced to cope with higher prices. Official figures, due to be announced soon will show the global population has soared to 9 billion, and climate change could add to food production problems in many countries.

September 13

Major Housing Crisis Looms in New Zealand?

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Is this a strong signal to potential investors that now might be a good time to invest? However, as always, there will be certain areas and properties that are better than others. As such, it is important to “do your homework” and research the options. Read the article here

September 8

BNZ-REINZ Residential Market Survey Sept 2011

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"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

September 5

Insurer predicts shortage will lead to higher house prices

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House prices could increase by 12 per cent over the next three years, a mortgage insurer says. A report into the country's housing market, released yesterday, finds a shortage of new housing is driving property values up.

Predicted house price increases in the three years to June 2014

* Auckland: +16 per cent

* Northland: +11 per cent

* Hawkes Bay: +20 per cent

* Waikato,Bay of Plenty,Gisborne: +3 per cent Read article here