The property market last year left a lot of amateurs and professionals scratching their heads in puzzlement as the expected failed to happen. Real estate agency heads give their reading of the housing market in the first quarter of 2011 – their predictions cautious but optimistic, with rising rental prices seen as a positive indicator…
Tag: recession
South Canterbury Finance Bail Out – It could be a good thing in the end!
Watching John Key & co deal with South Canterbury Finance yesterday was exciting. The Prime Minister and the Minister of Finance forked out $1.6 billion under the Crown Retail Deposit Guarantee Scheme. Good move. The NZ government are admitting liability and paying out depositors who trusted government regulators would protect them. Regulatory responsibility has been a series…
Tax Cuts For All – A GST Rise & Property Investors Hit Hard With New Tax Laws!
The New Zealand Budget 2010! For most of us this is something that we have been looking to for a while now. There has been plenty of hype running around this years budget and the cat has now been let out of the bag. Property tax has been hit hard with quite an increase and…
New Zealand Real Estate Prices Are Reaching Silly Levels Again
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New Zealands Housing Market – It Could Be In For A Shock!
Why is the Real Estate market showing signs of recovery? The simple answer is there must more buyers out their buying up property. Consumer confidence has jumped to a four-year high, business confidence to a 10-year high. House prices have been rising since February. So are happy days here again? I feel this optimism is built…
The Buyer Of Tomorrow
The recession has touched and changed consumers on every level – they’ve acquired new behaviours, thoughts, and feelings. They will therefore unquestionably spend in different ways following the recession. Behaviour: By necessity, consumers have changed their spending behaviour. A quick look at retail sales figures tells a dramatic story of a swift and forceful shift…
Mortgagee Sales In New Zealand Are Steadily High
Aucklanders hit hardest as forced property sales quadruple Mortgagee sales in Auckland are the highest in New Zealand, with more than four times as many forced sales than a year ago. The sheer volume of residential housing in the city, high median house prices and people being laid off are being cited as factors in…
New Zealands Economy Still Shrinking Deeper Into A Recession
New Zealand’s economy shrank for a fifth consecutive quarter in the three months to March and recorded its first annual decline in economic activity since 1992. Figures published by Statistics New Zealand (SNZ) today show gross domestic product fell 1 per cent in the March quarter, following a revised fall of 1 per cent in…
Has The Recession Hit!
I am not going to harp on about any statistics or any comments made by the so called experts. All I would like to see here is a real discussion on what you actually think and what your actually seeing out there on the streets. For several months now I have speaking directly to business…
March 2009 QV Statistics And New Zealands Housing Sales Volume
Christchurch This is the latest Press Release from QV. Property values in Christchurch decreased by 9.7% over the last year (calculated over the three months ending March 2009 in comparison to the same period last year), deteriorating further from the 9.1% annual decline reported in February. The average sale price for the city increased slightly…
The 4 Real Estate Seasons And Its Effects
During the last few years the real estate market was rising all over and we were experiencing a sellers market. The media went wild over the frenzy and everywhere you looked there was someone or something telling you that real estate was HOT HOT HOT! Prices were going through the roof and there was unprecedented…
New Zealand Economy Officially in a Recession
This makes for some interesting reading… NEW Zealand’s economy has slipped into a recession for the first time in a decade, official data shows. The decline in second-quarter gross domestic product data signalled further aggressive interest rate cuts by the reserve Bank in coming months. Statistics New Zealand said production-based gross domestic product shrunk 0.2…