Market Insights

The Data Team - homes.co.nz (Tom Lintern - Chief Data Scientist)

First home buyers – Don’t give up!

With property prices increasing as they have, it comes as no surprise to see large increases in suburb median values around the country. Core Logic’s latest insights** suggest that there are now only 150 suburbs nationwide with median values less

The Data Team - homes.co.nz (Tom Lintern - Chief Data Scientist)

A Leg Up for First Home Buyers

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

Steve Hart

A Tale of Two Cities

Compare residential property turnover in the South Auckland suburb of Papakura with Wellington’s upmarket Khandallah and you’ll see a story of two New Zealands. One area is up and coming, ready to make its mark, while the other is well-established

Steve Hart

Are you losing out if you don’t buy now?

It’s the age-old question for any first-home buyer – buy now or wait for prices to drop or hold out for something better. Real estate watcher and writer Steve Hart says there’s no time like the present.

Ailsa Dawson

Why offers need to be in writing

Recently I was drawn into a conversation around a buyer and seller who had fallen out because the seller had denied having verbally accepted an offer from a buyer introduced to their property through their real estate agent. Both the

Ailsa Dawson

Auctions are alive and well in Welly

Recently I attended two auction rooms, Professionals Lower Hutt for their Thursday auctions and Harcourts Wellington City’s Friday auctions. Rest assured people, auctions are alive and well in Wellington. What caught my attention in the Professionals auction room was 6

Ailsa Dawson

Buying off the plans

Recently I had the pleasure of sitting down with Ben Macky, Founder, and CEO from Wallace & Stratton to discuss the pros and cons of ‘buying off the plans’. I was keen to gather insights from local experts in this

Why property pressure will keep simmering during 2021
Steve Hart

Property pressure will keep simmering during 2021

When it comes to real estate trends and forecasts for 2021, the picture won’t be too different to 2020 according to industry experts who spoke to homes.co.nz. The most comforting prediction for buyers is that the market may be less frantic

Tony Alexander

REINZ & Tony Alexander Real Estate Survey – October 2020

In this month’s REINZ and Tony Alexander survey, agents say that they are seeing more people attending Open Homes, while a net 38% report more people at auctions. Prices are seen as rising by a net 88% and FOMO (fear

Steve Hart

Expats and first-home buyers buoy regional markets

Thirty houses on a new sub-division in Masterton will go some-way to addressing the area’s housing shortage says Anita Baker of Baker & Co. She sold a 3 hectare block of land to a developer on the day we spoke

Tony Alexander

REINZ & Tony Alexander Real Estate Survey – September 2020

In this month’s survey, agents report that they are seeing more people attending auctions and Open Homes, whilst pricing perceptions have risen strongly from our first survey back in May. Far fewer investors now believe that they will find bargains,

Tony Alexander

Tony’s View – August 2020

This week I have two of my monthly surveys to report on – one of valuers and the other of mortgage advisors. There is an interesting divergence between the two, even though both surveys were conducted after Auckland went into

settled.govt.nz

10 key questions first-home buyers should ask real estate agents

Buying your first home can be an overwhelming process at times. It’s a new experience, and it’s understandable that learning how it works can be stressful and confusing. You’ll likely have limited knowledge of the process, who to talk to