New Zealand
NAI Harcourts Market Leader (May 2013, NZ)
View the latest issue of NAI Harcourts’ Market Leader by clicking here.
In this month’s issue:
- What’s Driving the Current Market?
- Phil O’Reilly Speaks at Client Evening
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Harcourts MarketWatch (April 2013, NZ)
For the latest edition of Harcourts MarketWatch CLICK HERE
The hotspots of Auckland and Christchurch continue to produce great results. These two markets, however, must be classified as unique and in parallel to the remainder of the country as other regions slowly, steadily but surely recover off the back of historically, record lows. Auctions continue to be the selling method of choice as buyers bid competitively to secure their property before any rate hikes stunt buying. As reported by John Key in this week’s news conference ‘the Government are looking to find solutions to Auckland’s house price rises and land supply issues.’ Will we see any action soon?
Hayden Duncan
Harcourts Group, CEO
@HarcourtsNZ
Disclaimer: All Harcourts MarketWatch figures are current to the end of the reported month and are compared to the same month ended for the previous year. ‘Written…
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Harcourts Northern MarketWatch (April 2013, NZ)
Harcourts’ Northern Region continues to experience heightened activity with high auction numbers and a rising median sale price which keeps creeping up each month, following a strong start to the year.
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Property Management Focus (April 2013, NZ)
To view this month’s Property Management Focus
CLICK HERE
In this month’s issue:
Is your property up to scratch? There are changes on the horizon, what are they are what do you need to do
Team property: Having the right people around can make all the difference
Tenancy agreements by the book: Ticking the boxes and crossing the t’s can be more work than you think
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Sections snapped up
Dozens of sections in a new Central Otago subdivision sold out in 36 hours during an unexpected Easter buying frenzy.
The first stage of the Summerfields subdivision in Cromwell went on sale last week with Harcourts.
Twenty similarly sized sections between McNulty Rd and Stowell Dr were all priced at $99,000.
As part of the early-bird special, buyers were offered a $3000 incentive towards landscaping or home decorating for any deal on a 600 square metre plot until Friday.
Harcourts Cromwell manager John Petre said the section offer was timed to coincide with the opening of the $20 million Highlands Motorsport Park.
But the first 20 sections released to the public were all signed up by Good Friday. Mr Petre said most buyers were from Otago or Southland.
Source: Southland Times 02/04/13
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Industrial land snapped up as businesses head south of Auckland
Good growth: Hamilton’s industrial precincts grew while vacancy rates fell across the city last year.
Around 3000 square metres of industrial land was bought or leased in Hamilton last year, a sign of strong growth in the city, commercial property experts say.
About 37,200 sq m of space was added to Hamilton’s industrial stock last year, an annual survey of industrial land compiled by NAI Harcourts and CBRE has shown.
In that time, overall vacancy levels dropped from 5.7 per cent in 2011 to 3.6 per cent, as about 3000 sq m of space was leased or bought.
“The city has a filling-up feel about it which is really good,” NAI Harcourts director Theo de Leeuw said.
“The filling-up is both owner-occupiers who are buying and taking advantage of the lower interest rate regime as well as tenancies expanding.”
De Leeuw said…
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