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…

Building consents data from NZ for June 2023 rose 3.5% m/m, ‘20% compared to last year.’   According to data released on August 1st by the statistical office, the number of new housing construction permits nationwide in the last quarter of June decreased by about 20% compared to the same period last year. During this…