REINZ May Report 2017

REINZ May Report 2017

The Real Estate Institute of New Zealand (REINZ) have released their market report for the month of May today which has shown some surprising results. With so much pressure in the market for prices to drop further the median sales price has actually increased. What we’ve noticed in the apartment market is that buyers are […]

Market summary: 1st Quarter 2017

Market summary: 1st Quarter 2017

This month the REINZ reported that March prices bounced back upwards on February. This was surprising but with immigration still high and interest rates still relatively low for the environment here still has good fundamentals for growth. The major factor that has been holding price growth back though are the bank’s lending restrictions. They have […]

Whats happening now?

Whats happening now?

What’s on the horizon for the Auckland property market??? If you’ve been following the media or reviewing your mortgages over the past few months you will have noticed that banks have become concerned about their lending exposure and have already begun to raise interest rates gradually. It’s also no secret that the reserve bank has […]

Market summary: 4th Quarter 2016

Market summary: 4th Quarter 2016

After continued growth through the first 3 quarters of 2016 we saw a decline for the first time in Q4. The only exception was the average m2 price for 2 bedroom apartments which peaked a fraction higher than Q2 after a decline in Q3. November & December were certainly a lot less active as the […]

Market summary: 3rd Quarter 2016

Market summary: 3rd Quarter 2016

After a quieter 1st quarter we’ve just come out the other end of an explosive 2nd quarter in the western fringe apartment market. When we look at the stats, we can see growth of 12% in the average sale price, a $90,213 increase from $746,090 to $836,503. This is a big jump and by the […]