Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Harcourts Notes Property Buyers Still Pressured

Harcourts Notes Property Buyers Still Under Pressure

Property buyers are continuing to find the process of obtaining a new property a competitive experience, according to CEO of Harcourts New Zealand, Bryan Thomson.

Commenting in the May 2005 edition of the Harcourts MarketWatch newsletter, Mr Thomson noted that the property market in April operated at a similar level to last year’s buoyant April. However with the number of Harcourts exclusive listings for April 2005 just below the level at the same time last year, buyers in many locations, such as Christchurch, Invercargill and Central Auckland were still struggling to find their desired property.

As a result of the demand, Mr Thomson noted that the average price in all five of Harcourts’ designated regions around the country had experienced at the very least a 5 percent average price rise in the value of its sale in April compared to April 2004, with the highlight being Christchurch Metro up 24 percent from $266,000 to $330,000.

Mr Thomson also highlighted one surprise in the Harcourts statistics which showed fewer properties around the country were being offered for sale by auction. “As the most common and accepted method of sale enabling buyers to compete under totally transparent conditions so sellers achieve the best possible price, today’s market with listings in short supply is ideal for sellers to use auction as their preferred method of sale.”

He advised sellers when interviewing a sales consultant and company on what options they offered to achieve the best possible result, was to ask them about auction and profile marketing, which “combined can provide a power advantage over other property sellers who didn’t select them.”


Harcourts MarketWatch is a monthly newsletter produced to provide an up to date snapshot of Harcourts real estate statistics and trends. If you would like to receive this newsletter, please contact Helen Fergusson, Communications Manager, Harcourts International Ltd at:

© Scoop Media

Business Headlines | Sci-Tech Headlines


Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>