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.
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REINZ June data: House prices continue to rise across the country, defying expectations Median prices for residential property across New Zealand increased by 28.7% from $637,000 in June 2020 to $820,000 in June 2021, according to the latest data from the Real Estate Institute of New Zealand (REINZ), … Read more
Bridging finance is a short-term loan that helps you buy a new home before selling your current one. However, taking out a bridging loan is a big decision that could see you more than double your mortgage outgoings. Furthermore, bridging finance doesn’t come cheap. On top of potential set-up fees, … Read more
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