What's happening in the market right NOW
Read Here
News

Busy start to 2020

By Alison Borland

Article supplied by REINZ: The Real Estate Institute of New Zealand released its monthly report earlier this morning with pleasing results.  The number of properties sold in January across New Zealand was up 3.2% on the same time last year (from 4459 to 4603) making it the busiest January in 4 years according to the latest data.

Whilst the overall number of sales in January decreased by 2 in Manukau City (from 214 to 212), sales across the Auckland Region increased by 115 with the number of days to sell decreasing by a substantial 8 days.

Bindi Norwell, REINZ CEO, commented ““Prices in Auckland continue to hover in the upper $800,000’s, increasing 8.7% year-on-year to $875,000.  There were more investors in the South Auckland market compared to this time last year and an increase in the number of out of town enquiries. A number of ‘Baby Boomers’ are also now looking to sell and move outside the Auckland region which should hopefully contribute to an increase in listing numbers.”

Up to Date

Latest News

  • Property market bounces back after lockdown

    ARTICLE SUPPLIED BY BRUCE PATTEN, LOAN MARKET The global economic outlook may still be gloomy, but that doesn’t seem to have dampened the NZ property market. According to REINZ, house prices across the country increased by 9.2% compared to June 2019. New property listings also increased nationwide, up by 19.7% on … Read more

    Read Full Post