2024 Property Market Insights & Predictions
Professionals Real Estate Blog
by Professionals Group New Zealand
3M ago
It’s been a good start to 2024 for the property market, and the overall sentiment remains positive with a record number of listings in February, and it is a great time to buy. Interest rates, property values, immigration, and a new property cycle - here are our top 5 insights and predictions for 2024 to help you get ahead of the market ..read more
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November Market Update – 5 Reasons to Go to Market before Christmas
Professionals Real Estate Blog
by Professionals Group New Zealand
7M ago
The market is warming up and with the election (almost) behind us, stable economic factors are drawing buyers back into the market, as highlighted in the REINZ’s October data ..read more
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July Update - 5 Compelling Reasons to Buy in the Current Real Estate Cycle
Professionals Real Estate Blog
by Professionals Group New Zealand
11M ago
New Zealand's real estate market operates in cycles, with property values fluctuating in the short term. However, over the span of 5 to 10 years, the average house price shows a consistent upward trend. While the past pattern of doubling house values every 8 to 10 years may not continue due to price-to-wage ratios, Shaun Taylor, CEO of Professionals Group New Zealand, believes that we are embarking on a new cycle ..read more
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March Update - Mortgages at Peak, Prices Nearing Bottom  
Professionals Real Estate Blog
by Professionals Group New Zealand
1y ago
Property markets move in cycles, ups and downs, ebbs and flows, and we are approaching the peak of interest rates, which means we could be close to the bottom of house values.  ..read more
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5 Things You Need to Know About the Property Market
Professionals Real Estate Blog
by Professionals Group New Zealand
1y ago
The start of the year is always slow in the New Zealand property market. The REINZ data for January shows the Auckland market was affected by the significantly bad weather events, with the whole country recording the least number of sales in 40 years. There was a total of 2,759 sales across the country for the month; a 38.7% decrease on the year before ..read more
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2023 Property Market - 4 key questions answered by the CEO
Professionals Real Estate Blog
by Professionals Group New Zealand
1y ago
As we head into a New Year, many of our agents across the country are being asked what 2023 will hold for the property market and home values. While no one has a crystal ball to see into the future, and economists tell us that we will only know the peaks and troughs of the market after they have occurred, we can look forward and make some predictions. We can do this based on the current economic conditions and expected actions of the organisations that have the most impact on the property market, i.e. the Government, the Reserve Bank and the Banks ..read more
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June Market Update - 5 things to talk about instead of the rugby
Professionals Real Estate Blog
by Professionals Real Estate
2y ago
Here are five things you need to know so you can talk about the property market and not the rugby. House price values are stable compared to a year ago but dropping from their peak in November 2021 It is a buyers (with finance) market Sellers still have power as the economy is strong Winter is slow in a traditional property market Negotiation can be expected when selling, choose a skilled agent ..read more
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Selling your home: Three ways to prevent common pitfalls
Professionals Real Estate Blog
by
2y ago
As a seller, you and your agent are doing everything you can to get a great result when selling your home. There’s a lot going through your mind right now – from whether it’s the best time to sell, to contemplating the upheaval of moving house, or whether you’ve gotten the very best price. And – as in life – sometimes things deviate from the best-case scenario. You’re not alone, even seasoned vendors experience setbacks and make mistakes when selling a house.  ..read more
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Greener pastures. Is your region a property value winner?
Professionals Real Estate Blog
by
2y ago
Many New Zealand home buyers are being tempted by the open spaces and brilliant value of the regions. As a little of the lustre wears off in the Auckland and Wellington property markets, regional property is in hot demand. And it’s a trend that looks set to continue ..read more
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Selling Lifestyle vs. Selling Residential: What's the difference?
Professionals Real Estate Blog
by
2y ago
However you look at it, lifestyle property is hard work. You love your house and you’ve put a lot of blood, sweat and tears into it, but now you’re starting to think it’s time for a change. Perhaps your family circumstances have changed and you’re looking to downsize. Whatever the reason, the desire to move on is a big deal, one that shouldn’t be taken lightly; especially when it comes to selling lifestyle property ..read more
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