Category: Auckland Real Estate Market

Auckland's housing market is in a precarious state, as property prices have shown signs of deterioration in 76 suburbs over the past three months, just as the traditionally busy spring season arrives. This decline is a disheartening development for homeowners, who had recently glimpsed signs of recovery. However, prospective buyers now face the dou...

Some flood-damaged properties, labeled as "as is where is," are now hitting the real estate market in their current condition, leaving potential buyers and renters with critical decisions to make. In the wake of the Auckland anniversary floods, which left significant damage to the Cotesmore Way complex of leasehold townhouses in Parnell, some pr...

Renting a place in Auckland might cost you more soon. The price for new rentals in the region went up by $30 a week in the second quarter of this year. During April to June, the rent increase was quick. Now, the average weekly rent for new rentals in Auckland is $630, which is a lot more than before. For a while, rents in Auckland were steady...

Step into the remarkable world of New Zealand, a country grappling with one of the most challenging housing markets worldwide. Over the past 18 months, the nation's homeowners and investors have witnessed the erosion of billions of dollars in wealth due to a sharp decline in housing prices triggered by soaring mortgage rates during the Covid pandem...

The New Zealand residential property market has experienced a significant decline in the first quarter of 2021. According to recent data, this is the largest first-quarter fall in the market in 15 years. While the property market remained strong in some regions, including Wellington and Taranaki, it experienced a significant decline in others, such...

According to Quotable Value (QV), the average value of homes in Jan’23 was $934,761, indicating a decrease of $10,006 (-1.6%) since Dec’22 and $129,004 (-12.1%) since January last year. The Wellington Region saw the biggest decline in dollar terms over the year, with average values dropping by $222,749, followed by the Auckland Region with a ...

According to the latest data from the Real Estate Institute of New Zealand, the country's house prices have experienced a significant decline. The figures show that certain areas of Auckland have experienced a drop of over $400,000 in the last year. The REINZ's House Price Index indicates that house prices across the country have dropped by 13.9% o...

Recent floods in Auckland have affected many properties and homeowners may be faced with the task of cleaning up and making insurance claims. Here's what you need to know: Safety First: Before entering a flooded property, it's important to ensure that it's safe to do so. If there's any potential danger, such as electrical hazards, it's best to ...

New Zealand real estate market is witnessing a slowdown, and prices across the country are reported to be falling. This time, it has been predicted that the drop in prices would be the greatest in the last 30 years. The rise in interest rates is seen as one of the major causes for the decline. New Zealand housing market is one of the most ...

A recent drop in Auckland housing prices may have worked in favor of real estate brokerage agencies and private sellers. Even as the selling prices and sales volumes dropped by a margin, the trading patterns remained quite the same. Property listings in the Auckland housing market were up by 19.7% still, on a month-on-month basis; and compared to t...