This month (May) there have been some green shoots of confidence starting to show as sales volumes, listings, sales by auction and sales price to valuation ratio all saw an uplift during the month.
Median price is as we expected – up (significantly) in some places, flat in others and down in other regions. New Zealand isn’t just one market, so we expect this volatility to continue – particularly in areas that are heavily reliant on tourism and with no signs on the horizon that the borders will be opening for international holiday makers any time soon. With more expats coming home we expect the top end of the market to hold up for now, but time will tell what impact this has on pricing overall.
Real-time weekly auction data from the largest property group in Australasia Ray White New Zealand agents sold 74 per cent of all auction properties last week. Our internal data shows that our sellers who proceeded to take their property to sell under the hammer last week were rewarded with … Read more
When did we first start to observe this day of pranking and tricks? A disputed association between April 1 and foolishness is in Geoffrey Chaucer’s The Canterbury Tales (1392). In the “Nun’s Priest’s Tale”, a vain cock Chauntecleer is tricked by a fox on Syn March bigan … Read more
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