Is the Auckland market changing gears?

December 21, 2015

During the month of October, several regions around the country reached new record median prices, while at the same time, Auckland stopped to take a breather. While the volume of property sales was up 4% from October last year, they fell 19% compared to September. While Auckland may look to have stopped in its tracks,…

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Same old same old… new Reserve Bank rules change nothing

July 6, 2015

The Reserve Bank (RBNZ) recently proposed a 70% LVR restriction for investors in the Auckland property market. While it was tempting to jump straight out of the gates with a comment, we thought it would be more useful to wait for the RBNZ’s discussion document and provide a deeper analysis of their announcement. In this…

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4th Quarter Directors Market Commentary – where to from here for the market?

December 11, 2014

Despite what we might have called “pre-election jitters” dampening the market a tad, the housing market rebounded in October, and is lining up for a strong finish to the year. Increased mortgage lending that is recovering from 2 year lows, cuts to fixed mortgage rates, and net migration at record highs all provide strong support.…

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1st Quarter Directors Market Commentary – How have the LVR speed limits impacted house prices?

May 5, 2014

In March, the BNZ-REINZ residential market survey of real estate sales agents reveals an ease in market sentiment, as agents around the country reported most regions to be in equilibrium as buyers began to tentatively re-enter the market after adjusting to last year’s change in lending rules. However, anecdotal evidence from the survey is suggesting…

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4th Quarter Directors Commentary – Supply shortage not new news

December 2, 2013

Auckland’s Supply Shortage – not new news to us! While the media were focusing on the international economic crises back in 2011, Erskine + Owen were already discussing their prediction of a housing supply shortage. At that stage there was evidence of a growing demand for property, with a declining number of building consents being…

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3rd Quarter Directors Commentary – Auckland market still ‘hot’

September 23, 2013

Auckland’s residential property market continues to be buoyant and remains the strongest housing market in the country. Demand is strong from both home buyers and investors, however this is met by a shortage of listings, resulting in a lot of demand being left unmet. Key housing indicators continue to improve. August 2013 sales volumes have…

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Mid Year Market Commentary

July 30, 2013

Auckland’s residential property market is continuing to show confidence and heightened activity, with annual house price inflation at its highest since late 2007. Pent up demand combined with low interest rates, has resulted in many buyers facing a long search to secure a suitable property. Housing activity indicators have maintained an upward trend since early…

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2nd Quarter Commentary – Auckland market remains buoyant

May 14, 2013

Auckland’s residential property market remains very buoyant, with annual house price inflation at its highest since late 2007. Pent up demand combined with low interest rates, has resulted in many buyers facing a long search to secure a suitable property. Housing activity indicators have maintained an upward trend since early 2012. February 2013 sales volumes…

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Auckland Supply and the Unitary Plan

May 14, 2013

In March the Auckland City Council released its draft Unitary plan as debate raged in the media over how to solve Auckland’s housing supply crisis. Auckland needs 400,000 new homes over the next 30 years and under the current district plan it is forecast we will only be able to create 300,000. Will the proposed…

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Is there real heat in the NZ property market, or is this a blip?

February 5, 2013

In April 2011 Lisa Phillips, Erskine + Owen Director, was interviewed by TV3 about a looming land shortage in Auckland and highlighted that Auckland City Council would play a pivotal part in the timing of the crisis – Click here for the interview. Just under two years on and we are well and truly in…

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