First-home buyers are getting older despite falling house prices   Houses may have been cheaper but the average age of first-home buyers went up during the market downturn, with the spike in interest rates and inflation the likely causes of the age increase. OneRoof analysis of data supplied by credit bureau Centrix shows the average…

The risks and rewards of pre-auction offers   Pre-auction offers are rearing their heads again in real estate sales.   Almost unheard of at the beginning of the year, buyers are trying their luck with pre-auction offers to ward off the competition, says Dylan Turner, principal at LJ Hooker Manurewa. Turner has seen buyers make…

Auckland house prices fell nearly $1000 a day from June to July     Auckland house sales fell nearly $1000 a day, if the average sale price drop by the city’s largest real estate agency is anything to go by. Barfoot & Thompson reported June’s average sale house price was $1.097 million but in July…

Continuously Falling House Prices: Downtrend Gradually Easing   According to the latest housing price data from CoreLogic, most regions in New Zealand are experiencing a downward trend in house prices, but the pace of decline is gradually slowing. The Wednesday (2nd) monthly report indicated that the country is in the final stage of a market…