It’s good news for first home buyers with changes to the support offered by the Government. These changes took effect from 1 April 2021 to better help prospective first home buyers get on the property ladder. The 2 main initiatives
First home buyers needing to look south March was a significant month for the property market, with the Government announcing their new housing policy. Here’s what you need to know: The bright-line test will be extended to 10 years for
The homes.co.nz Monthly Property Update is generated using homes.co.nz’s March 2021 HomesEstimates, providing an up-to-date perspective on house values around New Zealand. Sales records in over 300 suburbs smashed Are you continually surprised by how much your neighbour’s property is
The waterfront premium around New Zealand While sitting on the beach this summer, did you find yourself looking around the nearby waterfront properties and dream? The team at homes.co.nz did too, and unfortunately the value of these homes often comes
$1.46 Trillion and growing… Although challenging for most, 2020 has certainly been an interesting year for the New Zealand property market. Contrary to what many predicted, the market has rebounded from the Covid lockdown and we’re now seeing record prices
New Zealand’s most tightly held areas The supply of housing stock continues to be an issue right across the country. Fewer properties for sale and strong demand for housing are resulting in record prices. With limited supply being a major
Cheapest streets in the most expensive suburbs With property values continuing to increase, there are now 120 “million dollar” suburbs around the country. The majority of these are in Auckland, with 102 suburbs in the city having a median HomesEstimate
Apartments or the family home – what is for sale in your area? I’ve heard a few anecdotes recently about what types of properties are selling. Some are saying that properties priced for first home buyers are being snapped up,
A real estate bounce back For now, at least, we’re seeing the property market pick up strongly since the COVID lockdown on homes.co.nz. Weekly listing volumes on homes.co.nz are approx 40% up on the same time last year. We note
Opportunities for First Home Buyers? When is the best time to get onto the property market? And where should First Home Buyers be looking? As a relatively new homeowner myself, I understand the challenges of getting into the property market.
Will DIY become easier? The Government has announced that it will soon become easier to make property improvements by removing the need for consents for ‘low-risk’ building work. This includes single-story detached buildings up to 30 square metres, such as
Is the impact of property prices falling less than you think? With economists predicting a house price drop of 5-10%, the team at homes.co.nz looked at when house prices were last at these levels. Although a 10% decrease in property
COVID-19: A fall in sales volumes, but will prices hold firm? The team at homes.co.nz recognises this is a very difficult time for all New Zealanders and the most important thing is everyone remains safe in the coming weeks and
We’re proud to have partnered with Airbnb giving New Zealand homeowners a global first – an Airbnb Estimate for how much they could rent their entire house or a private room out for. With Easter and Anzac Day, weekends fasting
What is your favourite era of home? Do you dream of a character villa, or are you more interested in a new build? This month, the team at homes.co.nz have looked at property prices within different housing eras. We categorise
