Colleen Hawkes15:18, May 26 2021
David White/Stuff
The four two-storey houses of The Block NZ houses near completion in Huia Road, Point Chevalier. The two sites were bought for a combined total of $3.55 million in 2019.
No matter whether or not you watch the lead-up to
The Block NZ house auctions – those 12 weeks of painting, all-nighters, role-playing and room reveals – there’s a fair likelihood you will tune in to the live auctions at the end. Because this is where we see just what the state of the Auckland market is like for new townhouses in a sought-after location. Two years ago, it was the Kingsland apartments, but the ninth season of
Will Covid-19 delay bring bumper rewards for The Block NZ, and will prices top $2 million? stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
Flattening the spike Economists and real estate agents agree that prices are not going to keep going up nationwide at the rate they have been recently. They will keep going up, but at more normal rates, they predict. The market may also ease in the short term as investors keep their powder dry while they digest recent Government changes for property investor taxes.
Ray White/Supplied
One house for sale in Christchurch last December had so many people at its open home, the agent brought in an icecream van. Independent economist Tony Alexander said that the sense of ‘FOMO’ (fear of missing out) recently seen among buyers is starting to fade.
RAY WHITE
This property in Te Atatu has watertight issues, but was sold recently by Ray White. The buyer, who works in construction, has moved in with flatties, but has long-term plans to demolish the house and rebuild.
As the median price of property escalates every month, buyers could be forgiven for thinking that buying a leaky home might be a way to get ahead on the property ladder. The price of the property would still be comparatively low, and, eventually, once the house has been reclad, you would have an “as-new” house that would benefit more from any increase in median prices.
Aircraft Interiors Middle East exhibition set for June 2021
The joint organisers of MRO Middle East & Aircraft Interiors Middle East (AIME) have today announced new dates for the events. The exhibitions, organised by Aviation Week Network/Informa and Tarsus Group, will now take place from 15th – 16th June 2021 at DWTC, Dubai.
The exhibition, initially planned for March this year, was postponed as the organisers took into consideration the health and safety of exhibitors and visitors, as well as travel restrictions related to the Covid-19 pandemic.
“We have been continually monitoring the developments on travel restrictions from governments around the world in recent weeks. After very careful consideration of the situation and taking into account invaluable feedback from our exhibitors and stakeholders, we believe the decision to move the exhibition is in the best interests of the health and safety of our exhibitors, visitors, contractors and staff,” said Tim Hawes, managi