Category: Christchurch Real Estate

A recent forecast from the financial institutions indicates that the Christchurch real estate market may be going soft in 2022. These reports speak about a drop of 6% by the end of the calendar year; higher than the previously reported forecast of 2.9%. Economy pundits have already opined that a market slowdown is a welcome change after the mass...

Recent market data has been indicating a positive fare of events for the Christchurch housing market in 2022. Average asking prices in the metro have touched a record 14-year high with an uptick from the October data of $933,135 to $969,604. Listings are up by 9% on a year-on-year basis, a feat last seen demonstrated by 2014’s Christchurch housin...

The last quarter witnessed Christchurch housing market prices soar to their highest in three months. A growth of 8.8% in three months, helped the metro depict the biggest growth of all the seven major housing markets in NZ. While the housing prices in Christchurch are the lowest among these metros. The incumbent hike in the Official Cash Rate (OCR)...

New Zealand’s average home property values have jumped by 5% to $1021 million in the past three months. The slow, but steady growth rate accounts for an increment of $45,000 in the average housing property value; and, thus is a bearer of good tidings in a Christchurch housing market deprived by the lockdowns and new governmental LVR policies for...

The Covid lockdown has been instrumental in jumpstarting the buzz around the Christchurch housing market. Almost every notable realty agency in the city vouches for reinvigorated interest in property listings. The 2021 Level 4 lockdown has trumped the 2020 Level 4 lockdown as per sources from the Real Estate Institute. The market reflected the fait...

Insatiable demand from investors and homebuyers has prompted the development of numerous new homes in Christchurch. The city has issued building consents for as many as 2800 new projects hitherto, in the last 12 months. The Christchurch housing market now reflects a 12% year-on-year growth in 2020-21, in this regard. What’s fueling the grow...

Christchurch has always been touted as one of the most affordable housing markets in NZ. But, that is definitely changing, as the region has tasted its fair share of million-dollar-plus residential asset sales in this financial year.  Like everywhere else in NZ, the median house price in the Christchurch housing market has jumped reaching a median...

Expert industry study of the Auckland housing market numbers in early May has led to pundits concluding a decrease in buyer interest. The Auckland housing market performed magnificently in the first 6 months of the calendar year. But, an 11% decrease in buyer demands for property valuations has been noted in early May, compared to the past 6 months...

We often come across the phrase ‘selling a house as is’ in context to the property market. Some are quite wary of the words and will outright inform you never to sell a house ‘as is’; on the other hand, some house owners seem quite eager to offload an asset ‘as is.’ But what does selling a house ‘as is’ entail? Let’s find out. ...

It is common for house owners to ponder whether it is more cost-effective to list their property for sale, ‘as is,’ or repair their house. Most house owners may think upfront that a presentable house requires repairs and renovation. So, the problem that must be resolved is whether it is meaningful to cover the distance and fix the house t...