Where it’s cheaper to buy a bigger house in NZ   1. Is trading up back on the agenda? Has the drop in prices made trading up easier or harder for buyers? With the housing market now at or close to the bottom, it’s worth considering, as prices are likely to rise from hereon in…

Number of new housing consents returns to the level of May 2021   Although the annual number of newly approved housing constructions has decreased compared to the previous year, it has been shown to recover to the level of 2021. According to the statistics agency’s announcement, the total number of newly approved housing constructions nationwide…

NZ sees fewest home listings for June since records began   According to RNZ, the lowest number of housing listings came out in June since records began in New Zealand. According to a new report from realestate.co.nz, more and more home buyers are finding that their choices are narrowing in the market. This website had…

Surprise increase in property auction action as buyers move off sidelines   The number of properties selling at auction increased last month, and the uptick was driven by activity in Auckland, the Real Estate Institute’s latest figures show. Since the peak of the market in late 2021, sales by auction have plummeted, and just 9.9%…