NEW ZEALAND
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Property slowdown gives NZ buyers the upper hand
New Zealand's property market continues to experience a slowdown, with national property values falling nearly 18 per cent from their post-COVID peak, creating great conditions for buyers.
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Sabrina Zhang opens Ray White Milldale
Experienced local real estate professional Sabrina Zhang has joined the Ray White family with the opening of Ray White Milldale.
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New partnership fuels growth for Ray White Epsom
Ray White Epsom, a longstanding and respected name in Auckland's real estate landscape, has announced Ray White Ellerslie owners David and Arthur Subritzky have acquired a significant ownership stake in the business.
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NZ property market closed 2024 with fresh opportunities despite December lows
The New Zealand property market saw record December lows in 2024, with new listings at a 17-year low and average asking prices returning to 2021 levels.
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Rachel Berry’s formula for real estate success
Rachel Berry, Equity Partner at Ray White Mt Eden, sat down with Bianca Denham to share her journey to becoming one of New Zealand’s top real estate agents.
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Houses outperform apartments in New Zealand
House prices have shown stronger growth compared to apartments over extended periods, with land value playing a crucial role in the difference, according to new data.
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Cameron Brain steps up at Ray White City Realty Group
Ray White City Realty Group has promoted Cameron Brain to Director of Sales and Auctions, marking a significant milestone in the group's growth strategy.
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Blue chip New Zealand property outperforms
New Zealand’s high-end properties and certain regional areas are showing strength and outpacing much of the broader market, according to new data.
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Casey Laulala’s reinvention from All Blacks centre to rising star of real estate
“Discipline, focus, doing the ‘one-percenters’ … all that sticks with you. Now, it’s about translating those habits into real estate.”
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Singles can’t afford to rent in New Zealand
Singles in New Zealand are not living the ‘Carrie Bradshaw’ life, with new analysis showing that no region in New Zealand meets the affordability threshold for single renters.
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Buyer activity climbs as Kiwis reconsider the ‘forever home’
Following New Zealand’s recent drop in the Official Cash Rate (OCR), the property market is seeing a noticeable increase in buyer activity. According to new data from realestate.co.nz, enquiries have spiked by over 25%, indicating rising confidence among buyers and echoing similar, though smaller, interest following the previous OCR cut in August. Vanessa Williams, spokesperson for realestate.co.nz, attributes this shift…
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Auckland auction event sees $24.9 million in property sales
A major Ray White auction event in Auckland has highlighted the strength of the local property market, with more than $24.9 million in sales recorded in a single day.
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NZ construction costs inch up amid industry slowdown
Construction costs in New Zealand have shown a slight increase in the September quarter, despite an ongoing slowdown in the building industry.
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Auction market lifts as spring heats up
The Australian property market has seen a sharp uptick in activity as spring selling season gains momentum according to new data.
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Townhouses drive New Zealand’s housing market transformation
New Zealand's housing landscape has undergone a significant shift, with townhouses emerging as a key driver of growth, according to CoreLogic.
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Housing affordability remains challenging in New Zealand
Housing affordability in New Zealand continues to be strained despite weaker property prices and rising incomes.
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New Zealand property profits plunge to lowest since 2015
The proportion of properties selling for a profit in New Zealand has hit its lowest level since 2015.
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Townhouses surge: Transforming NZ’s housing landscape
Townhouses have become a significant growth component for the New Zealand housing market, making up almost half of new dwelling consents across the country.
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New Zealand’s million-dollar suburbs face price pinch
The number of million-dollar suburbs is falling in New Zealand, with rapid price growth slowing considerably in recent years.
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Megan Jaffe brings Ray White back to Ponsonby
High-profile owner of Ray White Remuera, Megan Jaffe and her business partner Thomas Farmer, continue to build on their success in New Zealand with the opening of Ray White Ponsonby.
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10 things to know about the NZ property market right now
Regulatory change is a huge theme for housing at present, so in this environment CoreLogic's Chief Property Economist, Kelvin Davidson, draws on some anecdotal insights gathered from market participants 'on the ground'.
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Landlord ordered to compensate drug-growing tenant
A New Zealand landlord has been ordered to compensate a tenant $10,000, despite the tenant's involvement in illegal cannabis cultivation on the property.
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NZ mortgage rates rise, first home grants scrapped
Given the scrapping of first home grants (deposit assistance) and the strong indication from the latest Monetary Policy Statement that mortgage rates are set to be "higher for longer", there’s bound to be a continued focus on the general property lending environment and, in particular, how easy or hard it is to access lower deposit finance.
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New Zealand resellers still seeing red
Prices are still favouring buyers in New Zealand, with new data showing that increasing numbers of resellers have been taking losses on their properties.
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NZ FHB’s making the most of lower prices
New Zealand first-home buyers have capitalised on lower property prices and other incentives, making up more than one-quarter of property purchases.
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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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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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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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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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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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Auckland landlord ordered to pay huge fine for property unfit for humans
In a landmark Tenancy Tribunal decision, a West Auckland landlord has been fined NZ$69,563 (AUD$65,125.95) for serious violations of tenancy regulations.
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Ray White call-a-thon generates 8000 appraisals
Ray White agents from across Australasia have booked more than 2000 appraisals an hour as part of the group’s 14th Real Estate Of Origin (REOO) this week.
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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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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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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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