Property Market

House prices to soar?

Buildingconsents

We have all heard the story about nett migration lately. Interestingly the relationship between increases in house prices and nett migration is very different this time around when compared to the previous boom. This could be due to a couple of...

How was the five billion split?

split2017

Of the more than 5 billion new money lent out, only a quarter went to property investors. The bulk of the new money was to other home owners and approx 14% to first home buyers. This is surprisingly good news...

Staying high – merits of an apartment

smallpicjamesapart

Apartments can still deliver on a couple of fronts. Firstly from an investors perspective tiny apartments can deliver good rent returns if run in a smart way. Secondly as a home, an apartment can deliver safety and a superior location....

Buying under $400,000 in Napier

gailtauranagsmaller

Average house prices went up nearly 20% in Napier over the past year. This has a lot to do with interest from Aucklanders forced to look further to get the right rental return. A 6% yield is still possible in...

Good time to buy?

previewclipgoodtbuy

Looking at the recent stats from the RBNZ about the new money lent, it is apparent that there has been a slowdown over the past twelve months. Interestingly lending has picked up over the past few months. A deeper look...

Median House Prices – calm before the storm

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James Aston waiting for the weather to change With Median house prices showing fairly subdued growth for Auckland, autumn seems to be bringing about a chill. Interestingly the median house price in Papakura showed some of the strongest growth in...

Lending to home buyers accelerate?

MillionsLent

Latest new lending figures show a considerable lesser amount of new money being lent to Investor buyers. The slowdown seems to have started around May 2016, just before the 40% rule change; November 2015 – 30% deposit rule July 2016...

Unitary Plan impact on Auckland?

  Auckland will look very different five years from now with 420,000 new dwellings now possible in contrast to the old rules which might have allowed 80,000. This should enable Auckland to fit in another 1,000,000 people over the next 20 years....

New Building Zones in Auckland – Mixed housing Urban/Suburban

Hamish Firth explains some of the exciting opportunities in the new zones. The old zones like 6A, res 5 are all gone. A lot of home owners in Auckland will find themselves in one of two zones, “mixed suburban” and “mixed...

Better buying in Auckland

Auckland house prices have changed after what has been a stella run for many years. The average prices reported by QV were showing some positive signs for buyers as early as December. My own guess would be that houses have...