Time to get on with it! “Let’s get on with it – and it looks like people are doing exactly that in the real estate market,” says Director of City Realty Group, Daniel Horrobin. “With the General Election now in the rear view mirror, our listings board is already the … Read more
Positive signs gain momentum; reports investors returning “More indications emerge supporting a property market up-turn, with reports investor interest is increasing,” reports Director of City Realty Group, Daniel Horrobin. The latest QV House Price Index shows the first quarter of increasing prices since the downturn began towards the end of … Read more
Collective holding of breath stalling activity “We can’t wait for the back-end of this coming election, because in the lead-up to it sellers are sitting on their collective hands reluctant to list for sale right now,” says Director of City Realty Group, Daniel Horrobin. REINZ reports: “With sales counts up … Read more
Two steps forward – One back BUT heading in the right direction. Mixed messages in the housing market are likely to confuse the public, reports Director of City Realty Group, Daniel Horrobin. On the one hand, positive reports about demand outstripping supply appeared in the NZ Herald One Roof on … Read more
Positive signs on a roll “The latest figures from the Real Estate Institute of New Zealand (REINZ) for May 2023 indicate encouraging developments, following the Reserve Bank’s announcement of relaxed loan-to-value restrictions and stabilising interest rates,” reports Director of City Realty Group, Daniel Horrobin. Daniel goes on to say “Although … Read more
Goodbye to OCR increases? As many predicted, the Reserve Bank of New Zealand has signalled that it is now done raising the official cash rate, following late May’s 0.25 percentage lift to 5.5%. The RBNZ doesn’t expect to start cutting the rate until late-2024 and according to economic commentator Tony … Read more
LVR restrictions easing – does this signal the bottom of the cliff? On 1 June this coming month, bank LVR rules are easing somewhat. Not a lot, but a step in the right direction. “Does this signal a bottoming out of property values? Watch this space,” says Director of City … Read more
Positive signs in Auckland’s central apartment market March showed an upswing in activity generally and encouraging sales volumes in the central city apartment market, says Director of City Realty Group, Daniel Horrobin. Sales of all apartments in the CBD were 30% up on the previous month of February. He says: … Read more
Auckland central apartment market marching to the beat of its own drum The Auckland central apartment market continues to march to the beat of its own drum, not experiencing anything like the year-on-year sales volume drop-off traditional stand-alone homes have experienced in the last year. Discussing Auckland central apartment market … Read more
Investors active in Auckland’s central apartment market Heightened demand from investors in Auckland’s central apartment market is continuing, says Director of City Realty Group, Daniel Horrobin. “We’ve even seen some pre-auction offers and auctions brought forward,” Daniel says. “That happens when investors see an opportunity and move very quickly to … Read more