Values Remain at Elevated Levels Despite Market Slowdown Median sales values for properties across the Coromandel sat at $560,000 as at the June quarter of 2018, holding at elevated levels despite a slowing in sales activity. The June quarter figure is 3% ahead of the figure for the corresponding period in 2017 and 27% up on the June 2016 figure, according to sales statistics … [Read more...]
Rotorua Regional Report – Summer 2017
There is a real air of optimism surrounding Rotorua’s commercial and industrial property markets. The local economy is performing well, business confidence is high, tourism is booming, population growth is positive (a reversal of historic trends) and the region looks to be an early beneficiary of the new government’s regional focus with confirmation it will headquarter the NZ … [Read more...]
Taranaki Regional Report
Confidence in Taranaki’s key primary industries – dairy and beef and lamb production – has picked up strongly over recent months. Rising commodity prices and growing international enthusiasm for NZ produce is underpinning this sentiment. Encouragingly this positive outlook looks set to continue and will help support further investment in these land-based industries. This … [Read more...]
Kapiti Coast Residential
Residential property values in the Kapiti Coast market have continued to rise over the first half of 2017. The local median lifted by 1.9% and 1.2% in the March and June 2017 quarters respectively, reaching a new record of $495,000. Compared with the same quarter a year earlier, values in the Kapiti Coast residential market were up 15.1% or $65,000 over the June 2016 quarter. … [Read more...]
Upper Hutt Residential
Continued strong demand, in tandem with a limited number of properties being released to the market, has driven continued value growth within the Upper Hutt residential market for eight consecutive quarters according to latest statistics released by the Real Estate Institute of New Zealand (REINZ). The local market recorded a median house price of $440,000 in the June 2017 … [Read more...]