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New Zealand property values decline at GFC levels with further falls predicted

Agents taking stock of Australia's deteriorating market conditions should spare a thought for their Kiwi cousins, with values in New Zealand falling further than predicted in 2022. ....

New Zealand General , New Zealand , South Island , Kelvin Davidson , Logic New Zealand , Reserve Bank , Lower Hutt ,

New Zealand house construction costs rise at fastest rate in two years


New Zealand house construction costs rise at fastest rate in two years
1 minute read
Housing construction costs in New Zealand surged by 1.3 per cent over the first quarter of 2021.
Housing construction costs in New Zealand surged by 1.3 per cent over the first quarter of 2021, according to the latest CoreLogic Cordell Housing Index Price (CHIP). 
The CHIP report measures the rate of change of construction costs in the residential market and covers freestanding and semi-detached single and two-storey homes.
The latest report shows the March quarterly growth is the highest rate of construction cost inflation since the first quarter of 2019, and far exceeds the 0.6 per cent and 0.4 per cent increases throughout the third and fourth quarters of 2020. ....

New Zealand , Kelvin Davidson , Corelogic Cordell Housing Index Price , Logic New Zealand , Chief Property Economist Kelvin Davidson , புதியது ஜீலாந்து , கெல்‌விந் டேவிட்சன் , தர்க்கம் புதியது ஜீலாந்து ,

Housing Market – CoreLogic report shows property resale performance strongest in 15 years


Source: CoreLogic
[AUCKLAND, NZ, 16 March 2021] CoreLogic New Zealand’s latest Pain and Gain Report for Q4 2020 found profit-making residential property resales between October and December increased to 98.4%; 20 basis points higher than the previous record of 98.2% in Q4 2005.
This national median resale gain equated to $276,000, with a median hold period of 7.3 years. On the flipside, 1.6% of resales in Q4 2020 were made below the original purchase price, or a median resale loss or ‘pain’ of just $25,000.
The Pain and Gain Report is New Zealand’s only regular analysis of specific property resales and how they compare to the home’s previous purchase price. ....

North Island , New Zealand General , New Zealand , United States , United Kingdom , Garden City , South Island , New Plymouth , Kelvin Davidson , Nick Goodall , Zealand Emergency Services , Propertyiq Nz Ltd , Terralink Ltd , Logic New Zealand , Again Report , Senior Property Economist , Reserve Bank , Palmerston North , New Zealand Emergency Services , Property Market , வடக்கு தீவு , புதியது ஜீலாந்து ஜநரல் , புதியது ஜீலாந்து , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , தோட்டம் நகரம் ,