Median-income First Home Buyers Struggle to Save for a Deposit   It appears that middle-income individuals aiming to purchase their first homes will find it challenging to accumulate the required deposit. According to the Aera Time to Deposit Index report, which is based on research by Aera, middle-income homebuyers face unfavorable conditions when it comes…

House prices starting to rise but recovery is slow going   The stagnation in the New Zealand real estate market is expected to come to an end with signs of recovery on the horizon. According to the latest report from CoreLogic, the Housing Price Index (HPI) rose by 0.4% in October, marking a 0.1% increase…

Sales of farms and lifestyle blocks continued their downward slide in September   The rural property slump deepened in September with farm and lifestyle block sales both continuing their downward trajectory. According to the Real Estate Institute of New Zealand (REINZ), just 151 farms were sold over the three months to the end of September….

Auction with $1 reserve attracts 43 bidders to Thames waterfront property   A slip knocked this red-stickered house off its foundations – the skew is not the camera – but that didn’t stop it being a very hot property over the weekend. The house, in a prime waterfront position in Thornton Bay on the Thames…