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Buying Old or Buying New – 5 Key Considerations

Posted on: December 17th, 2015 | Filed in Buying / Selling a home, Featured, Home features

Love the idea of an original weatherboard character home, or maybe you prefer something brand spanking new. Well, before you plump for that ultra-modern pad, or start hunting for antique chandeliers for your ornate villa, Stephen Hart from considers some facts.

  1. Layout 

New homes are built with today’s lifestyles in mind and are generally easier to live in. They are built with more bathrooms and kitchens are often integrated into living areas. Don’t expect an older house to be set up to effortlessly accommodate your media room. And yes, your 90-inch flat-screen television will look ridiculous hanging in the oak-panelled library. Flow was something else far from the minds of most Victorian architects, so celebrate the idea of corridors and cubby-holes, or rule out character homes.

  1. Location 

Historic or older houses will often be located in the more established city suburbs while most newer properties will be in recently developed areas further from the CBD. There are two plus points for the old home buyer. First, you know exactly what you are buying into when you move to an Epsom Fendalton or Eastbourne. Who knows what some of the new developer-created suburbs will eventually turn out like? Second, commuting to the city is easier from the old money suburbs. This is good for your sanity and will be good for your bank balance when you sell.


  1. Charm and personality 

Older homes often have a character and individuality that simply cannot be found in new homes. If an older home looks good now it will look good in another 20 years. That stainless steel and black glass exterior may look spectacular now but what will it age like? Is the design merely fashionable, or will it stand the test of time?

  1. Gardens and landscaping 

Mature trees and established lawns add to the appeal of older homes. With new homes on a subdivision the buyer needs to have imagination to visualise how that scrappy vegetation between the bulldozers might one day develop into a lush tropical landscape. Or will it? Landscaping is expensive and some developers may be tempted to skimp on the orchid count.

  1. Maintenance 

It’s funny how the charm and personality of your original villa can quickly evaporate when you are presented with cost of replacing the rotten floorboards that have just given way under your Victorian claw-foot bathtub. Get used to the fact that old homes require maintenance – some of it suddenly and in a big way – and if you are no handyman, that means expense. Make sure you factor maintenance and renovation costs into your purchase price budget when buying an older property. At least with a new home you get a warranty to cover any major problems while the house settles into its foundations.

Stephen Hart runs – the free online resource centre for home buyers and sellers, and Auckland HomeFinders.


Waikato, Bay of Plenty and Coromandel reach record average asking prices in November, bucking national trend

Posted on: December 1st, 2015 | Filed in Featured, NZ Property Report

Average asking price for Auckland apartments surges by 31.5%  in 12 months to new record high of $660,000


AUCKLAND, 1 December 2015 – The Waikato, Bay of Plenty and Coromandel regions reached record high average asking prices in November, according to data from, New Zealand’s largest website dedicated only to property. The national average asking price of homes for sale continues to plateau, remaining just below record highs achieved three months ago.

In Waikato, the average asking price in November was $413,067 (up from $403,640 in August). In Bay of Plenty, the new record is $487,025 (up from $481,730 in October) and in the Coromandel the new high is $554,303 (up from $539,597 in September). PAP_Nov15

“It is significant that the areas where asking prices are at record highs are all within striking distance of Auckland,” says Brendon Skipper, CEO of “There have been strong indications over recent months that Aucklanders are house hunting further afield, which is helping to raise the expectations of sellers in these neighbouring regions.”

The national average asking price in November was $547,515, which is 1.4% up from October, but still slightly down from the national record of $568,215 in August. In Auckland, the average asking price of $849,882 was marginally lower than the record of $851,531 in September. In both Wellington and Canterbury, the average asking prices for November were within $10,000 of the record highs achieved in August and September respectively.

Auckland apartment asking prices surge

The average asking price for Auckland apartments in November reached a new record high of $660,001. This represents an increase of 31.5% compared to November 2014, when the average asking price for apartments in Auckland breached $500,000 for the first time. The increase in the asking price for apartments (31.5%) is almost twice as much as the increase in asking price for Auckland houses (16.8%) over the same period,

“We’ve seen the asking price of apartments in Auckland increase strongly and steadily over the last 24 months,” says Brendon Skipper. “This has driven the national average, which has now breached the $600,000 mark for the first time, only eight months after the national average asking price for apartments first broke the $500,000 barrier in March.”

Auckland dominates the market for apartments nationally, accounting for 71.9% of all national apartment listings.

New listings down on November last year

New listings nationally show a 5.6% reduction from the same month last year. Auckland had 7.0% fewer listings this November compared to November 2014, Wellington had 16.7% fewer and Canterbury had 5.1% fewer. NPL_Nov15

Again, the Waikato, Bay of Plenty and Coromandel are among the regions bucking this trend. All three of these regions had the most new listings for any November for at least five years.

“Nationally, we’ve seen fewer listings this year than we have since November 2009,” says Brendon Skipper. “This may further exacerbate the shortage of inventory, which still hovers near the all-time low of 16.1 weeks we reached last month.”

Inventory is a measure of the national supply of homes for sale, expressed as a number of weeks it would take for all currently listed properties to sell at average rates, should no new properties get listed. The inventory for November was 16.8 weeks, compared to a long-term average of 35 weeks.


 About offers buyers the shortest path to the perfect property. As the official website of the New Zealand real estate industry, is dedicated to property and has the country’s most comprehensive selection of real estate listings online. The site presents more than 97% of all residential, commercial and rural properties currently marketed by real estate professionals. Focussed exclusively on people in need of property, offers superior functionality, including accurate search, school zone data and a mobile app.


Glossary of terms provides valuable property market data not available from other sources.

  • Average asking price gives an indication of current market sentiment. Statistically, asking prices tend to correlate closely with the sales prices recorded in future months when those properties are sold. As it looks at different data, average asking prices may differ from recorded sales data released at the same time.
  • Inventory is a measure of how long it would take, theoretically, to sell the current stock at current average rates of sale if no new properties were to be listed for sale. It provides a measure of the rate of turnover in the market.
  • New listings is a record of all the new listings on for the relevant calendar month. As we reflect 97% of all properties listed through registered estate agents in New Zealand, this gives a representative view of the market.
  • Seasonal adjustment is a method we use to better represent the core underlying trend of the property market in New Zealand. This is done using methodology from the New Zealand Institute of Economic Research.
  • Truncated mean is the method we use to provide statistically relevant asking prices. The top and bottom 10% of listings in each area are removed before the average is calculated, to prevent exceptional listings from providing false impressions. Read more here.


For media enquiries, please contact:

Nicholas O’Flaherty, Camino public relations                 Brendon Skipper,

T: +64 21 303 181                                                       T: +64 21 542 607

E:                                         E:


Surge in spring listings, as average asking prices plateau

Posted on: November 3rd, 2015 | Filed in Featured, NZ Property Report

Property supply still indicates that New Zealand is a sellers’ market


AUCKLAND, 3 November 2015 – The traditional surge in new properties coming onto the market in spring is well evident this year. Coupled with this, average asking prices nationally have eased from record highs in recent months, according to data from, New Zealand’s largest website dedicated only to property.


“The number of new listings coming onto the market in October is up significantly on last month, as we have come to expect in spring,” says Brendon Skipper, CEO of

A total of 13,405 new properties were listed in October, 12% more than there were in September.

“It may well be that the supply of properties plays its part in the slight easing in asking prices we’re seeing,” says Skipper.


Prices plateau after record highs

After many months in which new record high average asking prices were recorded both in national terms and across many regions, these prices have levelled off in October. Nationally, the average asking price of $539,823 in pap_oct15October continues the downward trend from the record high of $568,215 in August. The average asking price went down in eight regions, including all the main urban centres. Price increases were recorded in seven other regions, while it remained static in four.

In all main urban centres, average asking prices dropped slightly from recent record highs. In Auckland, the average asking price dropped back to $832,713, after the record high of $851,531 in September. In Canterbury, the average price dropped to $467,403 after their record high of $476,818, also recorded in September. In Wellington, the average asking price dropped to $457,028 from $479,399 in August, while in Waikato the average asking price in October was $397,991, down from $403,640 in August.

Only two regions bucked the trend, reaching new record high levels in October. In Otago, a new record high average asking price of $321,188 was recorded , up from the previous high of $308,915 achieved in June 2015. In Northland, the new record high average asking price is $474,756, which is only marginally higher than the previous high of $474,738 achieved in June 2014.


Sellers’ market

“Our data shows that we still have a strong sellers’ market throughout the country,” says Skipper. “The inventory of properties for sale is lower than ever and it is a nationwide phenomenon, with the West Coast the only exception.”

lta-oct15Inventory is a measure of supply and demand that indicates how long it would take, in theory, for all the current properties on the market to be sold at the average rate of sales. The national average inventory in October was only 16.1 weeks, even lower than the record low of 16.3 weeks reached in September.

In three regions neighbouring Auckland, inventory is well down, in each case less than a third of that region’s long-term average: Waikato (12 weeks vs. 41 average), Bay of Plenty (12 weeks vs. 49 average) and the Coromandel (43 weeks vs. 171 average).

Another region with a wide discrepancy is Central Otago, which in October had 25 weeks of inventory compared to the long-term average of 83 weeks.

“The market pressure in Waikato, the Bay of Plenty and the Coromandel can probably be attributed to Aucklanders looking further afield for property,” says Skipper. “We have seen this generating a ripple effect in those regions, where residents of popular larger centres are looking to outlying areas.”


About offers buyers the shortest path to the perfect property. As the official website of the New Zealand real estate industry, is dedicated to property and has the country’s most comprehensive selection of real estate listings online. The site presents more than 97% of all residential, commercial and farm properties currently marketed by real estate professionals. Being focussed exclusively on people in need of property, offers superior functionality, including accurate search, school zone data and a mobile app.


TOP 10 COASTAL HOMES – October 2015

Posted on: October 29th, 2015 | Filed in Featured

It’s official: Summer starts next month and these incredible coastal homes could be just the place to spend it…



Magical Mangawhai

You’ll be lovin’ summer at this stylish, elevated coastal gem. Take in the stunning sea and estuary views, or take a dip in the heated swimming pool. Relax in the outdoor bath, or create a masterpiece in the large artist’s studio. Then, if you can draw yourself away, magnificent white sand beaches, a private boat ramp and spectacular walking tracks over the sand dunes are right on your doorstep. All this and more less than 75 minutes drive from central Auckland.



Buy the seaside

Where in the world would you rather be? Be mesmerized by Pacific Ocean views swimming with sea life, including whales, dolphins and orca. Live the dream on 2.9 acres, in an architectural vision that showcases endless ocean views. Private and spacious, this unique four bedroom home makes the most of it’s prime Bay of Islands location, in wonderful Whananaki.



Escape to paradise

Spend summer in this exquisite 1800sqm mansion on Waiheke Island, set on 34 acres with breathtaking views. This six bedroom, seven bathroom home has it all. The indoor pool has a drop down movie screen and surround sound. The six acre vineyard supplies a boutique winery. And the elegnat design and impeccable finish won this residence the Auckland Master Builder’s Home of the Year in 2012.



Choice kiwi lifestyle

Relax and enjoy kiwi living at it’s best in Parua Bay. Soak up the commanding 180 degree water views and incredible sunsets. Be serenaded by the resident Kereru and Tui who call the abudent native bush home. Invite friends to the separate self contained accommodation, and share the harvest from your green house, orchard, and mature gardens. Half an hour away from Whangarei, positioned on 4.1278 hectares with private beach access.

Quintessential Queenstown

Summer or winter, it’s hard to beat Queenstown. And this exceptional four bedroom home is undoubtedly one of the finest properties in town. Built to the highest standards, this place features innovative and efficient building methods. Spacious and full of light inside, two large decks are ideal for entertaining during the long summer months. And the panoramic views are literally remarkable.



Raumati Beach babe

Walk acoss your front lawn to the wide sandy beach, from this comfortable warmly inviting home. Glowing native timbers reconcile beautifully with contemporary features, style and an attention to detail.  Nautically inspired front doors swing open wide, inviting you and your guests into the double-height entrance atrium. And at the end of the day, you can watch the sunset over Kapiti Island from the in-built spa pool.



A top spot for summer

Set on the clifftop and facing north this stunning residence is just a short stroll from beautiful Waiake and Browns Bay beaches. A triumph of modern minimalist design, exceptional quality craftsmanship and sophisticated luxury. The living and dining areas flow seamlessly to wide multi tiered decks, an attractive swimming pool and native landscaping. Together with panoramic views over the Hauraki Gulf and beautiful Waiake and the Tor, the result is simply inspirational.



Omaha OMG!

Take 23 acres of productive vineyard, add a covenanted native plantation and views from every room for a home without equal. Spanning a total floor area of 1013 square metres, features include: indoor in-ground heated infinity salt water pool, spa pool, sauna, gymnasium, floodlit tennis court, and theatre with a wet bar. All four bedrooms are luxuriously sized with their own en-suite, it’s like living in an international five star hotel.



Golden Bay gold

Survey 180 degree views over Pohara Beach and Golden Bay from this architecturally designed, superbly appointed 425 square metre home. The basement houses a large double garage and vast workshop area. Generously proportioned living and dining areas, a high tech kitchen, two bedrooms with shared ensuite, a rumpus room and a hobby room are spread across the ground floor. While the upper level contains your master suite, an office plus another bedroom. And if that’s not enough for you, the section next door is available too.



Tan-tastic Taipa

Take a premium waterfront position in the heart of Doubtless Bay. Enjoy relaxed beachside living in this highly sought after location. Designed to soak up the sun and sea views, the well-maintained house opens out to a wrap around deck and a large easy-care section that blends into the beachside reserve.

Enjoy long summer evenings on the outdoor living areas include a covered alfesco dining area.


Moving House Checklist

Posted on: October 29th, 2015 | Filed in Featured

When you move house, the number of tasks you have to keep in mind can be daunting to say the least. We thought we’d try and simplify this process by creating an easy to use checklist, so you can keep on top of everything you need to do. The list counts down from 8 weeks until your moving day to keep you on the path to a stress free, or as stress free as it can be, move. There are also helpful hints, a moving day survival kit and even some apps that will help you move into your new home.
Moving House Checklist
Moving House Checklist by Terrys Fabrics.


“Safer, Warmer And Healthier Homes” – Changes To Regulations Affecting Landlords

Posted on: October 13th, 2015 | Filed in Featured, Renting

by Gemma Dale

Back in July, the Government announced changes to the law affecting landlords and tenants. Under new regulations, most landlords will be required to ensure that properties under their management meet certain standards, including effective insulation and the provision of smoke alarms. Theoretically, this legislation is good for both landlords and tenants – on the one hand, it ensures that tenants need not feel forced by market circumstances to live in poorly maintained, unsafe homes. On the other, it gives landlords the incentive to improve their properties, and makes said properties far more attractive rental prospects. However, these new regulations come at an interesting time for the letting market, and not everyone believes that the new regulations will have the impact that they should. In order to fully appreciate the potential consequences of these new laws, it is essential that they be viewed within their current context – particularly with reference to the now thriving rental black market.

The Legalities Of Renting

Those who rent legitimately, and declare their property interests to the government are naturally subject to rules and regulations – more so under the new laws. They are likely to have a degree of insurance protecting themselves, their business, their property, and their tenants. Furthermore, tenants who rent legally have recourse to legitimate avenues of dispute should they run into problems. Under the new laws, tenants will also be assured of a degree of warmth and safety within their homes as well – something any responsible landlord will usually provide as a matter of course. However, these safety measures and assurances must necessarily come at a price – which will usually be added on to the rent. In addition to this, in many areas of New Zealand (Auckland in particular), demand far exceeds supply when it comes to rental accommodation, meaning that landlords have a distinct advantage when it comes to pricing properties and choosing tenants. All too often, those in need of housing are finding that legitimately rented properties have a price tag which they consider extortionate, particularly when much-hated estate agent fees are thrown into the mix. Feeling exploited and priced out of the market, it is perhaps unsurprising that people are increasingly turning their backs on those who make it their legitimate business to rent out properties, and entering a growing ‘black market’ of sub-letting and surreptitious private tenancy.

The Rental Black Market

This ‘black market’ is not just flourishing in New Zealand – it’s doing a roaring trade all over the world. The internet facilitates the illegitimate business of those who sub-let spare rooms, and rent out properties on a private basis without registering with the appropriate governmental authorities. With ‘couchsurfing’ websites like AirBNB in the vanguard, more and more people are choosing to shun estate agents and legally registered landlords in order to take their chances with rooms and properties advertised on the internet. In part, this movement is facilitated by the popular perception of estate agents and professional landlords as money-grabbing and exploitative – an image not aided by the media. Many people feel that they would far rather take their chances with a private and illegitimate landlord with whom they can deal on a face-to-face and equable basis than a professional agency or landlord whom they perceive to be steeped in greed and liable to exploit them at every opportunity. This is an image which the real estate industry really must work upon if the rental black market is to be combated in any serious way.

Ethical Reform

Of course, the best way in which to change an image is to act in the way you would like to be perceived. The new regulations, it is hoped, may help in some way to challenge the rental black market by giving tenants assurances of safety which they will certainly lack with unregistered landlords. However, it also indicates a degree of ethical thought and moral conduct with which the real estate industry is not usually associated. While some are still concerned that the new regulations are little more than a sop to tenant demands, others have noted that it may provide a welcome change in the general mode of landlord-tenant relations. In social housing, the required improvements must be put in place before next July. All other properties must meet the new governmental regulations by July 2019. The overall impact that this will have upon the rental market  – both legitimate and illegitimate – but it is to be hoped that (assuming that landlords fulfil their obligations correctly) the situation as a whole will improve for everyone.

“Gemma (Dale) is a financier turned freelance writer. She is passionate about helping businesses succeed with clever and engaging copy that enlightens and informs the reader. In her limited spare time she also enjoys roller blading, quite often with her energetic spaniel in tow.”


Top 10 Lifestyle Properties – October 2015

Posted on: October 9th, 2015 | Filed in Featured, Uncategorized


Lifestyle a plenty

Where better to enjoy lifestyle living than the stunning Bay of Plenty. Enjoy some of the country’s best beaches for swimming, surfing, fishing and diving, then retreat to your contemporary elevated hill-top home.

Quality workmanship and materials make this property a stand-out. It blends beautifully with its environment and is full of special design features like the entertainer’s kitchen and wine cellar.

No expense has been spared in the design, construction and styling of this stunning rural residence.

Overlooking a home orchard that contains almost every variety of fruit imaginable it’s an absolute peach.



Luxury country estate

Settle in on the northern slopes of Clevedon and lap up panoramic rural views to Auckland City and Waiheke Island.

Surrounded by regional parks, the estate houses a luxurious 709m2 European villa style home. Exposed timber, marble and stone handcrafted by a Swiss cabinet maker, make this a truly unique lifestyle opportunity.

Originally a winery, facilities including full commercial kitchen, warehousing, offices, staff room, conference facilities and guest accommodation making the property ideal for weddings and functions.

Neighbouring grazing land, pine and exotic forest, here you can escape life in absolute style.



A gem on the sparkling Kaipara

Relax in this superb Manor house on 4.29ha amongst subtropical gardens and water features.

You ‘ll be greeted by high ceilings and half panelled Kauri walls, exuding old world charm, then make your way to the deck or courtyard for sweeping views of the picturesque rugged Kaipara countryside and magical sunsets.

This exceptional lifestyle property has 5-8 bedrooms, 2 dams, 11 paddocks, a large American barn.

Live in and enjoy or ponder the income potential. Currently run as a coastal retreat B&B with a spa, sauna and beauty salon.



A monastic retreat

Relax and find peace at ‘The Monastry’, a breath-taking, 107 year old relocated Villa perched elegantly on the banks of the Waikato River.

Extensive gardens and sweeping views immediately create a welcoming ambience.

You will love the traditional kitchen with timber joinery and freestanding fireplace and take great pleasure entertaining and relaxing in two gracious formal living rooms and formal dining spaces.

On 4.5527ha (11.25 acres) zoned in the Tamahere country living zone, investigate the potential that this property offers.

A tranquil and private sanctuary from the hectic world, yet close to Hamilton.




Exotic lifetsyle living

Take a fulltime holiday. Move in to this marvelous 525 sq metre masonry home influenced by the island of Bali.

Relax amongst absolutely stunning landscaping with a distinctive, exotic theme. Smartly positioned with a northerly aspect makes for perfect sunny country living.

The house appears as a series of linked pavilions, distinctly reminiscent of Balinese architecture. Inside, dark timber details and hand-plastered walls continue the theme; just an hour north of Auckand.

Sun yourself on the expansive outdoor terrace before cooling off in the 12 metre pool.  A double sided log fireplace opens both into the living area and to the outdoor entertaining area allowing for indoor or outdoor entertaining regardless of the season.

On five acres of contoured pasture with two pretty ponds and wide rural views, the property offers you both the privacy and the proximity to the city that Coatesville is renowned for.



Picture yourself here

 Look north to Mount Manganui and the ocean from this perfect lifestyle pad.

Enjoy expansive luxury living in a top location with interior design, chattels and manicured grounds that suitably match the superb quality of this home.

Not only does this property look the part, with many added extras, it’s also been thoughtfully considered to be practical and functional. So you can seriously relax.




Next level lifestyle

Take an executive position in this 330sqm 4 bedroom home. Meet by the pool, enjoy long lunches in the open plan living zones and park your fleet in the internal garaging for three vehicles.

Built in 2010 this well designed home with West Coast Schist features is set on 6.182 Ha. All the mod-cons you’d expect like double glazing and undrfloor heating are on the agenda.

This magical property is well fenced and all ready for the horses with stockyards, 20m x 40m Dressage Ring, Hayshed, plus a combined 320sqm workshop/stables and Horse Truck Shed. Tally ho!



Lake Hayes Homestead

Look out to Coronet Peak from the ultimate apres ski venue. Bridesdale Farm Homestead sits on a large block of land of approximately 1,852 sqm, with an established garden.

You’ll love the stacked schist stone walls, hardwood bridge beams and rimu window and door frames throughout. The kitchen and living areas feature southern beach flooring and the outside entertainment area is paved in stunning Glenorchy slate.

A massive main entertaining room will warm you with a large open fire – perfect for entertaining on those cold winter evenings.

For a quality family residence in a majestic part of the country look no further.



Canterbury Oasis

Step up to the superior quality of this 427sqm* architecturally designed residence. Surround yourself with the highest specifications on two levels of luxurious family living.

A large four bay barn (two bays lock-up) is ideal for vehicle storage or workshop for that project you’ve been planning.

With 4 hectares of land currently growing approximately 1400 hazelnut trees (whiteheart and pollinators) there’s great opportunity for a lifestyle business.

Extremely private, secure property located in one of the more sought-after lifestyle locations in Canterbury, you may have just cracked it here.



Live it up at Duxbury Downs

Take in 180 degree views incorporating Banks Peninsula, The Port Hills, Pegasus Bay, the Amberleys and Mt Grey from this sunny eleveated 4.439ha property.

Cruise up past the enclave of native trees to the home which sits in pride of place on top of the rise.

Make the most of the outstanding outdoor living at this property.  Enjoy family gatherings on the sheltered patio by the heated in-ground pool, complete with a delightful pool house.

This is a home with a heart, that could well steal yours.


2 ½ years of NZ houses

Posted on: September 13th, 2015 | Filed in Buying / Selling a home, Featured, Uncategorized

We wanted to see “What does a house look like?”, so looked at all the new listings across New Zealand between 1 Jan 2013 to 30 June 2015 and separated listings for house and town houses. 

We found some surprising changes and put them in the infographic below. Pretty interesting, eh?












Boom Expected in New Zealand’s Commercial Property Market Due to Chinese Investment

Posted on: September 1st, 2015 | Filed in Commercial, Featured, International, Market News

The commercial property market in New Zealand has long been buoyant, but a huge boom is expected in the industry due to lucrative new investment from the Chinese market.  But why is this boom expected now? And what impact will it have on our already successful real estate markets?

A Release of Chinese Equity

The second phase of the Qualified Domestic Individual Investor (QDII2) programme implemented by the Chinese Government will come into effect this month. This programme removes certain restrictions that were placed on Chinese citizens and businesses from purchasing and investing in property overseas. As a result of this, it is expected that savvy Chinese individuals and businesses drawn to New Zealand will pour an incredible US$10.9 billion into the New Zealand commercial and residential real estate markets. Whilst this figure seems huge it is based on the wealthy Chinese individuals set to benefit from this programme investing just 10 per cent of their assets into international commercial and residential property. Whilst this 10 per cent investment will be shared across several countries, this forecast is based on New Zealand attracting approximately 3.3 per cent of that property-specific investment, as it has in the past when similar percentages of the Chinese affluent have chosen to invest in property abroad.

The Importance of Being Welcoming

With such potentially lucrative property investments set to be made in the country, those working with the commercial property and real estate sectors are being cautioned on the importance of being welcoming to potential Chinese investors. This welcome should be implemented on both the small and the large scale: from employing realtors who are able to communicate in Chinese, to lobbying government to make the country more appealing to Chinese investors. It has been recommended by experts in the field that, to ensure that US$10.9 billion floods into the New Zealand economy rather than being diverted and invested elsewhere, the government and big business should look to make relevant improvements to the national education system as well as increasing the number of direct flights to China available from many of the country’s most investible major cities. Other companies and business types related to the property market, such as those offering the protection of home insurance or lawyers specialising in commercial and residential property law may well also be wise to adapt their business models and practices to appeal to the impending influx of expected Chinese buyers and investors.

 It is important to remember that whilst this huge number of Chinese investment dollars is expected make its way into our economy, competition amongst other investible countries to secure the money freed up by the latest stage of the Qualified Domestic Individual Investor (QDII2) programme is fierce. New Zealand certainly isn’t the only country in the world whose economy could benefit from  a huge cash injection: but it is more than simply the revenue this investment will bring that is important. This will create new jobs, new construction, and as commercial, industrial, retail and residential properties are all forecast to be targeted by this new investment it will have massive and positive effects across all areas of the New Zealand property market.

The Other Side of The Coin

Not everyone is happy about this potentially huge influx of Chinese investment. Other commentators have suggested that New Zealand’s infrastructure simply isn’t set up for such huge property focus and development, nor is it in a position to change that in the immediate future. There is also concern about the impact that such a huge amount of property purchases from overseas investors will have on a property market that is already overstretched in some areas, and how this will impact New Zealand citizens and existing residents that are looking to find properties of their own. Both of these concerns are valid, but they are also concerns that can be overcome.                                            

What is clear is that this new Chinese investment is coming to New Zealand, and by being prepared for their arrival, now is the ideal time for commercial and residential property developers and realtors to benefit significantly from this influx. 


Asking prices for properties across New Zealand reach record highs in August with new national average high of $568,215

Posted on: September 1st, 2015 | Filed in Featured, NZ Property Report

New highs in average asking price reached in Auckland, Waikato, Wellington and Canterbury


AUCKLAND, 1 September 2015 – The seasonally adjusted average asking price for homes for sale in New Zealand in August was $568,215. This reflects an increase of 5.5% in just one month, since the previous record high national asking price of $538,484 set in July. Property_Asking_Price_Map_Aug15

Data analysis by, New Zealand’s largest property listing website, reveals that the surge in property prices is not limited to Auckland, where a new record asking price of $832,613 was reached (up from the previous record $820,016 in June 2015).

Eight of the nineteen regions across the country achieved record high average asking prices in August. These include Wellington, where the average asking price was $479,399 (up from the previous record of $469,487 set in March 2014); Canterbury, with an average asking price of $475,066 (up from $473,011 in June 2015); and Waikato, with an average asking price of $403,640 (up from $398,251 in July 2015).

Significantly higher prices were also recorded in the Bay of Plenty, the Central North Island and Hawkes Bay.

“The pressure on the Auckland market is clearly being felt in neighbouring regions as well, especially Waikato and Bay of Plenty,” says Brendon Skipper, CEO of

Low inventory of homes for sale

“The low inventory does not mean that there are fewer homes on the market, but rather that the turnover is faster,” says Skipper. “In fact, listings nationally are up 12.8% compared to a year ago.” NZ_Inventory_Aug15

In conjunction with the record prices nationally, the inventory of properties for sale is at its lowest level since January 2007, when started tracking this metric. Inventory is a measure of supply and demand that indicates how long it would take, in theory, for all the current properties on the market to be sold at the current average rate of sales.

The national inventory in August was a mere 17 weeks, compared to the long-term average of 35 weeks. The shortage of inventory is most acute in the major centres – 9 weeks in Auckland, 12 weeks in Wellington, 14 weeks in Waikato and 18 weeks in Canterbury. The only region where the inventory is above the long-term average is West Coast, where there is 230 weeks of inventory, compared to a long-term average of 129. New_Property_Listings_Map_Aug15


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