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


Summer Set To Boom, More Houses Now Needed

“We’re finally starting to see new listings, but more Kiwis should take the opportunity to market their house this summer. As these latest REINZ numbers reinforce, the coming months will be strong,” says Derryn Mayne, Owner of Century 21 New Zealand.

REINZ has released its Monthly Property Report for November which shows median house prices across New Zealand up by 18.5%, compared to November 2019. However, the number of properties available for sale was down 16.9% on 12 months ago.

In total, 11 regions and saw record median prices during November, including Auckland up by 16.4% in 12 months to new record high of $1,030,000. The number of residential properties sold nationwide increased by 29.6% on the same time last year, marking the highest number sold since March 2007.

“Summer is looking really good, but those contemplating selling their house shouldn’t muck around. Vendors need to consider that come March the mortgage holiday scheme ends with LVRs set to also return then. Autumn and winter could be quite different,” she says.

The Century 21 leader says with interest rates hitting rock bottom, the economy doing better than expected, listings still light, and buyer demand hot, this summer could be the best one in real estate for over a decade.

“As the saying goes, ‘don’t look a gift horse in the mouth’. List now! Those Kiwis who list their properties this summer are set to do well. Eight months ago, no one predicted a real estate season like this one,” says Derryn Mayne.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Smelter: Tiwai Deal Gives Time For Managed Transition

Today’s deal between Meridian and Rio Tinto for the Tiwai smelter to remain open another four years provides time for a managed transition for Southland. “The deal provides welcome certainty to the Southland community by protecting jobs and incomes as the region plans for the future. The Government is committed to working on a managed transition with the local community,” Grant Robertson said. More>>


Economy: Strong Job Ad Performance In Quarter Four

SEEK Quarterly Employment Report data shows a positive q/q performance with a 19% national growth in jobs advertised during Q4 2020, which includes October, November and December. Comparing quarter 4, 2020, with the same quarter in 2019 shows that job ad volumes are 7% lower...More>>

NIWA: 2020 - NZ’s 7th-warmest Year On Record

The nationwide average temperature for 2020, calculated using stations in NIWA’s seven-station temperature series which began in 1909, was 13.24°C (0.63°C above the 1981–2010 annual average). New Zealand’s hottest year on record remains 2016, when... More>>

Quotable Value New Zealand: Property Market Set To Cool From Sizzling To Warm In 2021

Nostradamus himself could not have predicted the strange series of events that befell our world in 2020 – nor the wild trajectory of New Zealand’s property market, which has gone from “doom and gloom” to “boom and Zoom” in record time. Even ... More>>

PriceSpy: Research Reveals How Shopping Behaviours Have Changed This Christmas

According to a new survey* from PriceSpy , almost 50 per cent of Kiwis are looking to shop locally this Christmas in light of Covid-19; The research also found consumers are changing their shopping habits, with one in seven (14 per cent) getting super-organised ... More>>

Commerce Commission: Noel Leeming Group Warned For Making Delivery Representations Without Reasonable Grounds During COVID-19 Lockdown

Noel Leeming Group has been warned by the Commerce Commission for making delivery representations about two products which, in the Commission’s view, it did not have reasonable grounds for at the time the representations were made. The warning ... More>>