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April 22nd, 2014

Harcourts Real Estate Sees Record Month for Website Traffic

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Real Estate Group Harcourts International Ltd, received a record number of visitors to both their Australian and New Zealand company websites in the month of March.

Website traffic to the New Zealand company website for the month reached an all-time high with over 315,000 visitors, and the Australian company website recorded just over 227,000 visitors in the same month.

37% of visitors to the New Zealand company website were actually new clients and 87% of visitors were from New Zealand, an additional 10,000 visits came from users in Australia, USA and the UK. 38% of visitors to the site used a mobile or tablet device. Page views were also high and topped over 2,460,000 for March.

Chief Information Officer for Harcourts International Ltd, Jason Wills, said March had been one of the biggest months in history for Harcourts. “February and March have historically been our busiest months for real estate …

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April 15th, 2014

National MarketWatch (April 2014)

Posted in: Residential

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The average house in New Zealand now sells for $502,306, which is a record high, up 12% on the same time last year and 8% on October, the month LVR restrictions were introduced.

In Auckland and Christchurch the restrictions and rising interest rates are having little effect on the market, with high demand and competition countering any moderating influence of the Reserve Bank.

Provincial New Zealand is where the LVR restrictions have been felt most keenly, however even here they are staring to lose their effect, with the average price up by 10% in the Central Region and 5% in Wellington. Buyers now understand there are ways around the need for a 20% deposit and are seeking assistance from second tier lenders, family and credit card debt.

The disparity between the markets in Christchurch and Auckland compared to the rest of the country is best indicated by a comparison of …

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April 14th, 2014

South African Seniors Cash In – As Landlords

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As the cost of living continues to rise and eat into retirement savings, senior citizens in many of South Africa’s established suburbs are unlocking some of the value in their large family homes – not by selling them, but by renting them out, and then becoming tenants themselves in smaller, easier-to-manage properties.

“This emerging trend makes good sense for older homeowners whose own families are grown and who want to scale down anyway because of security or home maintenance issues, or perhaps because they want to enhance their retirement savings,” says Harcourts Real Estate Richard Gray.

“Such owners typically have a very small mortgage or no mortgage to pay any more and can achieve substantial rentals for their three- and four-bedroom family homes in sought-after, central areas, especially in the current phase of the market where rental demand is strong and rising.”

They get to keep their real estate assets …

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April 14th, 2014

Northern Region MarketWatch (April 2014)

Banner Northern Region marketwatch

Residential data from New Zealand’s largest real estate group Harcourts shows there is still massive pressure on the housing market in Auckland and Northland, with the average sales price now sitting at a record high of $697,454.

This is up 12% on the same time last year and is a 9% jump on February’s figures.

It is very evident buyers are no longer hesitating about entering the market, despite LVR restrictions and rising interest rates.

There is an understanding that the market is likely to remain heated and prices will continue to rise for some time yet, as our growing population is not yet adequately catered for with new housing construction.

Across the Northern Region, and particularly in Auckland, there is fierce competition in the auction rooms. In Auckland almost half of all properties are now sold at auction and this figure is likely to keep rising. In a competitive …

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April 11th, 2014

Property Focus (Australia, April 2014)

PF-genericIn this month’s Property Focus newsletter (April 2014, Australia):

Buying Off the Plan: The ‘do’s and ‘don’t’s of buying property off the plan…
Market trends: Get all the latest property market facts from around Australia…
Kitchen Floors – Wood vs. Tiles: Learn the pro’s and con’s of the two most popular types of kitchen flooring…
Tips for Moving in the Rain: Useful tips for moving safely in rainy weather…
Read more here…

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April 10th, 2014

Property Management Focus (Australia, April 2014)

PMF-header-genericIn the April edition of Property Management Focus:

  • Tax Depreciation Schedules- Why sooner is better than later…
  • Where and Why to Invest in Australia in 2014 - Which suburbs are worth investing in now…

Read more here…

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