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 […]
Pre Contract Disclosure Statement aka Form 18 When selling a property such as an apartment or town house in a body corporate, the updated Unit Title Act 2010 implemented disclosure rules for vendors & agents when selling a unit title property. It’s now a requirement for vendors to provide prospective purchasers with a “pre-contract disclosure” […]
Do you feel protected? When you’re buying a property, a transaction which is likely to be the most expensive purchase of your life, what protection do you have in the era of leaky homes or questionable ethics? In real estate transactions, the principle of ‘caveat emptor’ or ‘let the buyer beware’ comes into play just […]
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 […]
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 […]
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 […]
