Selling Wellington Real Estate 
Looking at the leading individual suburbs for first home buyers (FHBs) in each of NZ’s ten largest cities, we see that the share of purchases going to FHBs has typically been more than 50% so far in 2019. These tend to be cheaper suburbs, such as Hei Hei in Christchurch and Stokes Valley in Lower […]
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Despite Easter/ANZAC being close together and many people taking an extended holiday (rather than visiting the bank), mortgage lending activity was solid in April. Even so, the banks in aggregate are still operating well below the LVR speed limits, and interest-only lending to investors is contained too. Over the next few months, there has to […]
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Landlords take note: there’s only one month left to insulate rental properties before a $4,000 fine from MBIE comes into play. From 1 July 2019 ceiling and underfloor insulation will be compulsory in all rental properties around New Zealand. REINZ chief executive Bindi Norwell says it’s imperative that landlords, who haven’t already acted, take action […]
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NZ’s latest Pain and Gain results are out, and once again we’ve seen large gross profits being made by resellers and minimal gross losses. Almost 96% of all NZ properties sold during 1 July 2018 – 30 September 2018 enjoyed a re-sale gross profit, for a total resale gain of $3Billion – a median gain […]
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The relevance of CVs (Capital Values) also known as RVs (Rateable Valuations) have been questioned recently. It’s not the first time and I’m sure it won’t be the last, but the one thing I think we have to come back to is that CVs are a great anchor point for market value and, either consciously or […]
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According to the October CoreLogic QV House Price Index, property values in Wellington City grew by 3.9% over the last three months. This takes the annual rate of capital gain in Wellington City to 9.6% and illustrates a similar trend to the rebound seen last spring, when the annual rate was a slightly higher 10.0%, […]
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18 Oct 2018 Prospective home buyers are facing record property prices in Wellington after the average asking price climbed 12.3 per cent on last year to reach $593,250 according to the latest Trade Me Property Price Index. Head of Trade Me Property Nigel Jeffries said the Wellington property market isn’t showing any sign of slowing down. […]
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A deluge of new listings in Auckland, Southland, Wellington & Northland, as well as a national all-time high average asking price since records began in 2007 and all-time highs in six regions. New Zealanders are right back into the housing market, with new property listings significantly up on realestate.co.nz, the country’s largest site for residential […]
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The traditional spring bounce for new property listings has begun, and it’s no surprise that those parts of NZ with already high stock levels (e.g. Auckland) are experiencing softer property value growth. Affordability pressures for buyers is just one factor indicating that the rise in listings over spring and into summer won’t be any bigger […]
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This, from the latest CoreLogic Pain & Gain Report, an analysis of homes resold over the June Quarter (between 1 April 2018 and 30 June 2018). The report compares the most recent sale price to the home’s previous sale price, determining whether the property resold at a gross profit or gross loss. It provides a […]
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