InSight

Authorities in New Zealand have predicted further heavy rain for Auckland in the coming days as insurers tabulate the costs of what is likely to be the costliest weather disaster the country has ever experienced. The La Nina weather phenomenon is causing the north of the North Island of New Zealand to experience above-average rainfall. Auckland has...

From the buyers' perspective, 2022 ended on a positive note for the New Zealand real estate market, as housing prices across several regions fell drastically. The transition in housing costs is in tandem with rising inflation, bloated interest rates, and shifting lending rules by NZ financial institutions. These factors have had a cooling effect on...

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 ...

New Zealand's average house value was down annually for the first time in over a decade in September, according to the latest figures by Quotable Value (QV). This left the national average at $956,592, according to the property company’s latest house price index. The Christchurch market has been in pain too, with property values dropping by aroun...

Statistics NZ provides the estimate of decrease in natural demand for housing in New Zealand. The increase of 21,200 was witnessed in June 2021. However, this figure has dropped to 12,700 in June 2022. Moreover, this is much below than the average demand 94,800 a year, witnessed from 2018 to 2020. Generally, it takes two years for dwellings to t...

In a post-pandemic market, when 28 out of Auckland’s 276 suburbs, 26 out of 41 of Hamilton’s suburbs, and 7 out of 56 Wellington’s suburbs- are still valued above $1 mn - Christchurch has more to offer to home buyers, and investors alike. The Christchurch housing market still has 70% of its suburbs valued under $1 mn, with all of the same val...

As the New Zealand housing market enters its price correction mode, tight lending conditions and high median values spell a slow market for most major centers. However, Christchurch continues to thwart the trends and rake in profits for brokers, sellers, and buyers alike. The Christchurch housing market continues to depict high profits for sales a...

Buyers are seeking control of the housing market in Christchurch for the first time in two years, as you read this. The transition in the Christchurch housing market comes in the wake of housing prices dropping the sharpest for the first time in a decade across New Zealand. National home valuation stats indicate that the real estate main centres a...

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...

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...