Pre-election jitters for the property market?   It has been revealed that home sales volume across New Zealand has reached an all-time low. This phenomenon emerges amidst a vibrant real estate market, with industry experts interpreting it as a pre-election state of stagnation. According to the September New Zealand Real Estate Report by Realestate.co.nz, some…

TradeMe Sparks Discontent in Real Estate Industry with 30% Success Fee Hike   New Zealand’s online trading platform, TradeMe (Trademe.co.nz), has raised success fees for business owners by approximately 30% starting from October 1st. This move has prompted criticism from numerous real estate managers, who accuse TradeMe Property of monopolizing leasing and increasing fees without…

ANZ: House prices going up faster than we thought   ANZ says it now expects house prices to lift about 4% over the second half of this year, and to continue to rise at their current pace until autumn next year. Previously, the bank had predicted growth would be 3% and then flatten in 2024….

Real Estate Agent Found Guilty and Fined Due to Water Leakage Issue   In a recent development, a real estate agent has been found guilty and fined a total of $11,000 for waiting until the completion of a property sale to disclose a water leakage issue. The property in question had humidity levels eight times…