Search Results for: new Zealand
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INDUSTRY NEWS
Australian and New Zealand’s top auctioneers set to compete at AUSTROS
Australia and New Zealand's best auctioneers have been named as the finalists for this year's Australasian Auctioneering Championship (AUSTROS) in Hobart.
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NEWS
New Zealand luxury house and unit transactions slide
For the second year in a row, both luxury house and luxury unit transactions decreased. For Auckland, houses that sold for more than $5 million were considered to be luxury houses, and units that sold for more than $3 million were considered luxury units. In Wellington, where sale values are smaller, the condition for luxury houses was at least $3…
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INDUSTRY NEWS
Ray White New Zealand raises over $400,000 for charity
The Ray White network across New Zealand has spent the month of March, walking, swimming and riding to help raise over $400,000 for Ronald McDonald House Charities.
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NEWS
Slow start for New Zealand property prices in 2024
The average value of a property in New Zealand had risen to $934,806 following a 0.5 per cent increase in the CoreLogic House Price Index in March.
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INDUSTRY NEWS
Numbers ‘not adding up’ for New Zealand investors
Despite rising rents in New Zealand, investor yields are still lagging behind mortgage repayments, forcing ‘Mum and Dad investors’ to reach into their own pockets to make up the shortfall.
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NEWS
Penelope Rollston heads up First National Connect in New Zealand
First National Real Estate has opened a new office in Nelson, New Zealand with experienced principal Penelope Rollston to head up the new business.
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INDUSTRY NEWS
New Zealand sales volumes near 40-year lows
High interest rates continue to weigh on New Zealand's housing market, with monthly sales volumes seeing the second-slowest January in 40 years.
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INDUSTRY NEWS
New Zealand homeowners struggle to pay mortgage
New Zealanders are struggling afford a home, with higher interest rates and elevated property prices squeezing borrowers.
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NEWS
REACH Australia and New Zealand unveils the class of 2024
A tech-driven, custom-tailored menswear brand, a resident experience company meeting the demands of modern living and a group that empowers anyone to buy and sell tiny squares of conservation land, have been named in 2024 REACH Australia and New Zealand program.
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INDUSTRY NEWS
New Zealand profitable resales rise as markets recover
The recovery in New Zealand's housing market has led to profitable resales rising for the first time in two years.
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Movers and Shakers
Ray White expands its footprint across the far north of New Zealand
Ray White continues its growth in New Zealand's far north with business owner Sean Stratton acquiring multiple offices in the Northland region.
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INDUSTRY NEWS
New Zealand property prices continue their recovery in January
Home prices across New Zealand have continued to rebound, with values up 0.4 per cent in January according to CoreLogic NZ.
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NEWS
New Zealand tenant wins compensation for bad neighbours
An Auckland tenant has been awarded compensation after reporting 25 incidents involving neighbouring renters, including finding a man hiding in the roof.
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APPOINTMENTS
LJ Hooker appoints Campbell Dunoon as Head of Network in New Zealand
The LJ Hooker Group has appointed respected industry leader Campbell Dunoon as Head of Network - New Zealand for its LJ Hooker and Harveys network of offices.
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INDUSTRY NEWS
New Zealand property prices rise for the third straight month
The rebound in home prices across New Zealand has continued, with prices rising 1 per cent in December according to CoreLogic NZ.
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INDUSTRY NEWS
Raine & Horne acquires New Zealand’s Mike Pero Real Estate network
Australian real estate brand Raine & Horne is expanding its reach after acquiring the nationwide Mike Pero Real Estate network in New Zealand and agreeing on a strategic partnership with Mike Pero Mortgages.
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INDUSTRY NEWS
New Zealand property prices continue to recover
Property prices in New Zealand ticked higher last month adding to the recent string of increases suggesting the market has turned the corner for the time being.
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INDUSTRY NEWS
New Zealand rents surged 6.1 per cent in the past year
New Zealand tenants aren't fairing much better than their Australian counterparts, with weekly rents rising 6.1 per cent in the past 12 months.
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INDUSTRY NEWS
ANZ predicts next New Zealand interest rate move will be a cut
New Zealand interest rates will likely remain on hold until February 2025 at which time they will likely drop, according to a new forecast from ANZ New Zealand.
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INDUSTRY NEWS
First home buyer demand across New Zealand hits a record high
Despite reduced housing affordability and higher living costs, first home buyers (FHBs) in New Zealand are buying homes are a record rate.
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INDUSTRY NEWS
New Zealand property prices rise for the first time in 18 months
The first signs of a recovery in New Zealand property prices have begun with values increasing 0.4 per cent last month and 0.1 per cent for the quarter according to CoreLogic NZ.
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INDUSTRY NEWS
Property values rise in one-in-three New Zealand suburbs
Home values have risen in 30 per cent of New Zealand suburbs according to the latest CoreLogic Mapping the Market tool.
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INDUSTRY NEWS
New Zealanders spending half their income on mortgage repayments
Despite property prices easing across New Zealand, mortgage holders are still spending nearly half their income on repayments according to a new report.
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INDUSTRY NEWS
New Zealand AI firm ListAssist selected for Miami pitch battle
New Zealand AI company ListAssist has been selected to compete in the Innovation, Opportunity & Investment Summit’s Pitch Battle in Miami next week.
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INDUSTRY NEWS
Realtair expands to New Zealand
PropTech Realtair has kicked off the start of its international expansion program, moving into New Zealand this week.
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INDUSTRY NEWS
Profitable resales in New Zealand fall to the lowest level in eight years
Falling property prices across New Zealand has seen the number of homes sold for a gain tumble to the lowest level since 2015.
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INDUSTRY NEWS
REACH Australia & New Zealand aim to help more PropTech companies in 2024
PropTech accelerator REACH Australia & New Zealand continues to encourage new PropTech innovation in the real estate industry and is opening applications for its fifth cohort in 2024.
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INDUSTRY NEWS
New Zealand claim honours in Real Estate of Origin
The Kiwis have claimed bragging rights after Ray White’s 12th Real Estate of Origin, securing a huge 2498 appraisals in just four hours this week.
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INDUSTRY NEWS
Are New Zealand’s interest rate hikes over?
The New Zealand Reserve Bank has shocked economic and property experts this week, raising the cash rate 0.25 per cent while indicating the next interest rate move will likely be down.
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INDUSTRY NEWS
New Zealand homeowners feel the pain as loss-making resales spike
Properties reselling at a loss have reached a seven-year high in New Zealand as the impact of higher interest rates continues to hit homeowners.
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INDUSTRY NEWS
New Zealand 3D prints a childcare centre
The southern hemisphere’s first commercial building featuring 3D printed concrete walls has been completed in Hamilton, New Zealand.
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INDUSTRY NEWS
5 things to know about New Zealand’s refinancing wave
The steady flow of existing mortgage borrowers across NZ who have had to stomach higher interest rates each time they come up to a loan repricing has been a constant theme in property and personal finance for some time now.
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INDUSTRY NEWS
New Zealand home sales hit lowest level in 40 years
Home sales across New Zealand have plummeted to the lowest level since the GFC, as the sharp increase in interest rates has put the brakes on homebuyers.
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INDUSTRY NEWS
New Zealand’s high-end properties have fallen in value by up to $300,000
New Zealand’s wealthiest suburbs are being hardest hit by the current market slowdown, with values falling by up $300,000 in some suburbs.
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INDUSTRY NEWS
New Zealand value decline re-accelerates in February
The downturn in the New Zealand property market gained renewed pace in February, with values falling at their fastest rate since October 2022.
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