Market indicators continue to point towards confidence moving forward. In July North Shore prices remained steady and volumes increased. At Harcourts Cooper & Co, our monthly auction success rate increased to 68% with an average of 2.2 bidders per auction. The recent reduction to a record low official cash rate has added to the confidence provided byRead more
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Last week’s Official Cash Rate (OCR) cut combined with confirmation that capital gains tax has been axed all bode well for the New Zealand property market. Prices continue to remain stable, although with more choice and less urgency from buyers it is vital that properties are well promoted, well presented and vendors price expectations realistic.Read more
A renewed market energy was evident in March when compared to January and February with 304 North Shore sales as opposed in 155 & 198 in the prior two months. The first quarter 2019 volumes are still significantly lower than prior years, with 411 North Shore sales in March 2018. A variety of favourable &Read more
Just had a great training session at our Takapuna office on the changing climate of our Real Estate market & what options we should explore to increase our transparency with the public. There seems to be a lot more demand from the public on price transparency when price is not given for example, via Tender,Read more
There is a myriad of factors influencing New Zealand’s property market resulting in varied market performance. 14 of the 16 regions in New Zealand experienced annual increases in median prices for residential sales, some with records being broken. Auckland & Canterbury markets have seen decreases in both prices & volumes. Looking specifically at Auckland’s NorthRead more
December statistics provided further confirmation that the housing market has cooled. At the same time there is an apparent calm about the market. With confidence that whilst volumes are low, and prices have corrected slightly the market remains stable and this recent correction may well have prevented something more drastic happening to the property market.Read more
