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…

Auckland rent average increase of 3.37%   According to Barfoot Real Estate, Auckland’s rent increased by 3.37% until last June, and in some southern areas, which were the cheapest, there were areas where it increased by more than 5%. According to Barfoot’s latest quarterly rent data, the average weekly rent for 17,000 rental listings in…

Mold is on the rise in Auckland homes, experts say it’s harmful to health   Recently, as the mold problem in Auckland homes has increased, cleaning companies have been very busy. Requests for mold removal have more than doubled this year. Experts say that while the humid weather is ideal for mold to thrive, mold…