InSight

Over the past four years, the housing market has experienced significant fluctuations. Initially, house prices dipped in response to the COVID-19 pandemic but then skyrocketed by 40%. This surge led to the nationwide average property value peaking at $1.09 million in February 2022. However, prices subsequently dropped by 14%, reaching a low of $943...

The year 2023 has been an intriguing one for New Zealand's real estate market, aptly described as a 'year of two halves' in CoreLogic's Best of the Best report. The landscape of the country's real estate underwent significant shifts during the year, with declining sale volumes and house prices characterizing the first half, followed by a noticeable...

The real estate market is experiencing a noteworthy resurgence, marked by ascending prices and a surge in property transactions. The Real Estate Institute's (REINZ) September report serves as a compass, guiding us through the intricacies of this revitalization. Stabilizing Market Prices The report unveils a stabilization of market prices, ins...

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...