by Warren Head | Jan 16, 2025 | Economy, Property
Wellington property ended 2024 on a soft note 16.1.25 Property values fell -0.2% in December, marking the ninth drop in the past 10 months, according to CoreLogic's hedonic Home Value Index (HVI). The national median value in New Zealand now stands at $803,624, which...
by Warren Head | Jan 16, 2025 | Property
PROPERTY MORTGAGES 16.1.25 Falls in mortgage rates have understandably meant there’s been a strong focus on the ‘short end’ of the curve, with borrowers mostly choosing floating rates or 6-12 month fixes. However, according to Kelvin Davidson chief economist at...
by Warren Head | Dec 17, 2024 | Economy, Property
17.12.24 House prices lifted modestly over the month, after declining last month. House sales declined slightly in November, with an increase in the number of houses for sale despite lower new listings and fewer properties on the market. ASB expect house prices to...
by Warren Head | Nov 27, 2024 | Economy, Latest News, Property
27.11.24 The Reserve Bank of New Zealand has announced a 0.5% rate cut, which is set to instil further confidence in the property market as we head into 2025, according to real estate group Ray White. Ray White chief economist Nerida Conisbee said this third cut was...
by Warren Head | Nov 14, 2024 | Property
14.11.24 The seasonally adjusted REINZ House Price Index fell 0.5% m/m in October, after last month’s surprising lift. But while house prices fell, sales volumes lifted and were revised higher over recent history, says Henry Russell, an economist at ANZ in New...
by Warren Head | Nov 14, 2024 | Latest News, Property
14.11.24 (9.15am) Investore Property is expecting an easing in interest rates to encourage a recovery in the commercial property sector. “While macroeconomic conditions remain challenging, property transaction activity is starting to show signs of recovery as the cost...
