The Unconditional Blog

The impartial voice of the industry

 
0

West Coast – Property market pulse factsheet – June 2010

Posted on: June 24th, 2010 | Filed in West Coast Property Market Factsheet

Property sales on the West Coast slipped from 29 to 24 sales on a seasonally adjusted basis. The first 5 months of 2010 has seen sales of 116 down 11% on the same period in 2009.

NZ Property market pulse factsheet - West Coast sales June 2010 Realestate.co.nz

Inventory of houses on the market fell steeply in May. In April the inventory of houses on the market equated to 191 weeks of sales, this has fallen in May to 140 weeks. This level of inventory is considerably higher than the long term average of 99 weeks. This would indicate that the market is still firmly favouring buyers.

NZ Property market pulse factsheet - West Coast inventory June 2010 Realestate.co.nz

Property prices for the West Coast are included in the broad Canterbury / West Coast regional median property price, in May this price was $303,750 up 6.6% on May 2009 price.

NZ Property market pulse factsheet - Canterbury Westland price June 2010 Realestate.co.nz

The West Coast region – Property market pulse factsheet for June 2010 is available as a pdf download document

0

Southland – Property market pulse factsheet – June 2010

Posted on: June 23rd, 2010 | Filed in Southland Property Market Factsheet

The median property price in Southland jumped in May at $197,000, from $185,000 in April. As compared to a year ago prices in the region are up by a significant 9.4%, the highest rate of increase in the country.

NZ Property market pulse - Southland price June 2010

Property sales in the region though remained steady, but subdued. As measured on a seasonally adjusted basis. The May figure of 123 compares to 135 in April and 125 in March, however this 3 month period is significantly down by 16% on the same period in 2009.

NZ Property market pulse factsheet - Southland_sales_June_2010

Inventory of houses on the market fell sharply in May from the peak of 52 weeks of equivalent sales in April to 40 weeks in May. This May inventory of 40 weeks of equivalent sales remains high as compared to the long term average of 26 weeks. This would indicate that the market is still favouring buyers.

NZ Property market pulse factsheet - Southland inventory June 2010

The Southland region – Property market pulse factsheet – June 2010 is available as a downloaded pdf document.

2

Winter property market opens up opportunities

Posted on: June 20th, 2010 | Filed in Buying / Selling a home, Featured, REINZ Monthly data

House in winter croppedWith Queen’s birthday now well behind us, we characteristically hunker down to see ourselves through the longest stretch of working weeks now until the Labour weekend – still some 18 weeks away!

This stretch through the dark winter months may be punctuated by overseas warmth, but it is worth remembering that whilst people may not be strolling along the beach they are actually still buying property.

As cited earlier this year in the post “Is summer really the best time to sell a property” there is good reason to try and sell your home through the winter months, as it is not as dead a time as most people think. The simple fact is that the property market does take a slight breather through the June to August period, by no means does it disappear. The chart below very clearly shows the proportion of a total year’s sales by month (red line) matched to the proportion of total year’s new listings by month (blue line).

Seaonality of sales and listings in NZ

Both listings and sales do dip during the winter, however the dip in new listings is actually more significant than the dip in sales. Such a gap between the two lines does highlight an opportunity as it provides the ability to make your property stand out against the market, when during the winter there are less new listings coming onto the market.

Now clearly the property market is relatively quiet at the moment as the latest data from the Real Estate Institute showed in releasing its May sales data last week. The total for the month of May at 5,206 was up just one single house sale on the April total, but down over 1,000 on May last year. The seasonally adjusted figures showed a 5% decline between April and May. However the fact is that in May there were still 168 houses sold every day. Over the months of June and July and into August these sales will continue, which will mean that between now and Labour weekend we could see a further 22,000 properties sold. The question is – will yours be one of them?

NZ Property sales 2005 - 2010 REINZ Realestate.co.nz

1

When in doubt ask “WWGD” What would Google do?

Posted on: June 17th, 2010 | Filed in Agent Tips, Real Estate Industry News

What would Google do? - Jeff Jarvis, NZ Real estateThe previous post on the subject of aspiring new real estate publicly proclaim their intention to seek a license, posed the question “There has to be a better solution” than using the old medium of public notices in newspapers. Well the fact is there is a better solution.

That better solution lies in the answer to the smarter question:

What would Google Do?

This is both a smart question, but also the title of a great book written by the excellent commentator and leading light for the future of business – Jeff Jarvis.

The answer as to “what would Google do” in this situation is as follows.

The purpose of the REAA insisting that aspiring real estate agents / salespeople make a public notice of their intention (I am making this assumption and I welcome and encourage input and feedback from the REAA) is to allow anyone who has an objection to raise that objection so that it can be heard and in so doing ensure that the industry solely comprises people with high public standing.

So what I am suggesting is finding a way to make the intentions of aspiring real estate people public. In this way  so  if there are people who have genuine concerns, then those concerns can be heard. So here is my suggested solution.

A website is built onto which all aspiring real estate salespeople register their details. This can also provide them with the opportunity to use the web to link to referral documents and repositories of information which will support their status – specifically profile pages on LinkedIn, their own website or Facebook profile (if that is appropriate).

Having aggregated this database on a single site on the web, the key thing is making it easily found. This requires search engine marketing. The key to successful search engine marketing is the link economy and contextual content. Hosting this website / database as part of Realestate.co.nz would provide both of these requirements straight off. Realestate.co.nz is a highly Google indexed site for all matters concerning NZ real estate, this would provide this service instant visibility in Google search.

In addition the use of keyword marketing using Google Adwords would ensure that peripheral searches around keywords such as “new agents” “agent profiles” “public register” would point back to the database and direct those who want to be know who is seeking appointment a direction to take to find the answer.

Further using the standard tools of the web, would allow anyone to set up email alerts or RSS feeds filtered to locations or names so that should anyone have any reason to be alerted to as to a person’s aspiration, technology can come to the rescue.

Should anyone have any concern around privacy then they should address that to the REAA, after all it is their requirement that people have a obligation to openly disclose their public request for “approval” – if they have nothing to hide they have nothing to fear.

This functionality is very simple, it is more importantly far more effective than using the 19th century mode of public notices in newspapers – surely the real estate industry can be seen to embrace new technology with all its benefits and efficiency.

What I have described is what is needed and is in my judgment the answer to the question “What would Google do”? – the question is now posed to the REAA – would you like us here at Realestate.co.nz to build it?

Here is an open public offer to the industry and the REAA – we will build this system and database and undertake the search engine marketing activity around it. We are an industry owned website and in our judgment this is in the best interests of the industry – those in it today and though keen to enter its ranks – at the very least we can save a significant amount of wasted money propping up dead sections of newspapers.

4

Announcing the arrival of aspiring new real estate agents

Posted on: June 17th, 2010 | Filed in Agent Tips, Featured, Real Estate Industry

Speaker lndscape expandHave you ever wondered what would happen at a wedding if the celebrant / minister when uttering the words (Does anyone know any just cause..?) actually had someone leap up from the back row screaming “I DO“!!

There is that momentary hesitation which is then quickly exhausted as silence pervades the audience gathered together for the  happy day, and the service resumes as normal.

So what has this to do with real estate? – well let me explain.

Has anyone noticed that the newspapers have suddenly started carrying a large number of adverts in the Public Notices section from aspiring real estate professionals seeking to publicly proclaim their intention to take up a career in real estate. They are proclaiming in effect “Does anyone know just cause … as to why I should not be regarded as suitable to hold the position (license) of a real estate agent / salesperson”?

The key question I am keen to ask is – does anyone read these notices ? The fact is there is a legal requirement under the regulations set out in the Real Estate Agents Act 2008 for any person wishing to enter this profession to place an advert in one of an approved set of newspapers, in fact the requirement is to place 2 adverts.

What purpose does this process serve ? – certainly in today’s world of shrinking newspaper readership it is almost impossible for it to be seen as a viable means of allowing the general public to make a challenge to someones application to hold a license. There could be a better argument that the process would be better served by featuring a list of prospective applicants on the Real Estate Agents Authority (REAA) website or on the industry website. At least this approach would be in the knowledge that visitors would have context to the issue. In addition given this context a Google search for the term “Applicants for new real estate license in NZ” could then provide a link to such a list (a detail search on the current results show not one reference to any applicant or newspaper notice).

The sole beneficiary of this approach appears to be the newspapers who in the case of the major metropolitan dailies are charging around $500 for the privilege. This is the potential for a cool extra $1m for the newspapers given a typical flow of new entrants into this industry each year. This on top of the $555.75 levied by the REAA for a new application for a license and the fees for the education standards required to apply for a license (c. $1,000+) certainly has raised the financial barriers to entry into the industry.

3

Dedicated real estate websites deliver target audiences

Posted on: June 14th, 2010 | Filed in Website searching

New portfolio of logosThe objective for Realestate.co.nz as a company is to deliver rich and compelling information to the real estate market. That market comprises a wide variety of users – first time home buyers… property investors… commercial developers… renters… farmers… lifestyle seekers… empty nesters… commercial investors… retail tenants…. The list goes on and on, such is the impact real estate has on our personal and business lives.

In order for us to provide this rich and compelling information, we have over the past couple of months launched a strategy of segmenting the rich content of listings we hold on behalf of our customers into the key categories of residential, commercial, business and farms.

To each of these segments we have developed a custom designed, dedicated and comprehensive website. Each website is the market leader in rich content, just examine the extent of content.

nzFarms features 5,207 listings of farms and agricultural land from across the country added to this the site showcases 11,701 lifestyle properties that come under the category of rural sector.

Prime Commercial features 26,154 commercial property listing. From within this total are 7,263 properties for sale and 18,689 for lease.

Prime Business features 3,846 listings of businesses for sale. The largest segment of which is 1,451 retail food and beverage business for sale.

Realestate.co.nz features 49,117 listings or homes for sale, 17,571 building sections and 6,384 homes and apartments for rent

Zoodle features details on over 1,500,000 properties across NZ

Each of these website is the largest and most comprehensive source of content for their specific sector and thereby ensures the specific enquiry as to the type of real estate someone is looking for can be found easily in the context of what they are looking for.

The test for these sites is as with everything on the web – audience. The statistics for the month of May show clearly how effective these website are at attracting audience. Five of the top 20 websites in real estate as measured by Nielsen are now these 5 websites brought to you by Realestate.co.nz.

Top 20 for May 2010 websites

It is well worth mentioning at this point that overall audience numbers of some sites represent a much larger audience than is potentially the true target audience, this is especially the case when it comes homes for sale.

The fact is that a vast amount of property browsing online is not done by serious property seekers. The facts speak for themselves. This year total house sales will be around 70,000 – lets assume that property seeking takes 3 months, therefore around 25% of that annual total will be searching – lets double it to allow for home and office / partner searching – lets add 50% for good measure – that still only gives us just over 50,000 unique browsers every month who are serious buyers.

Now do the sums for another category by comparison – say farms – around 2,000 farms sold a year, plus 5,000 lifestyle properties. Against this a monthly audience of 20,000 unique browsers looks pretty realistic to be capturing the core target audience.

6

Architecturally designed or designed by an architect

Posted on: June 11th, 2010 | Filed in Agent Tips, Architecture & Construction, Featured, Online marketing

Warren_&_Mahoney_House_of_lightIn the world of real estate marketing, as with any form of marketing creating standout is critical so as to generate awareness and interest. When it comes to homes, the design style is so important and this is often what is highlighted by real estate agents in the marketing description.

However as is ever the case with all marketing – accuracy is key and this is why I am happy to post this open letter from the Chief Executive of the NZ Registered Architects Board – Paul Jackman who naturally has a concern to ensure that in describing homes for sale as “architecturally designed” or “designed by an architect”, that they are just that.

I took the time to review some of the over 600 listings on the site today that include the keyword “architect” in the description – the vast majority do reference the name of the architect in question or in some cases use the word in contextual description, ie “bring along your architect” or “sits amongst architectural homes in the area”. That having been said the important note of Paul’s letter which was published recently in the Real Estate Institutes monthly member magazine is key – an architect is a professionally qualified individual who is bound by professional standards and this is at the heart of the professional industry, to have the term “architect” misused is of concern to the profession.

Was the architect an architect?

Every profession lives or dies by its reputation. If the public perceives a profession to be honest, they assume its members can be trusted. This confers huge benefits when doing business. But if a profession is perceived as dishonest, every member of that profession pays a price in lost business.

For a long time now architects have been deeply frustrated by real estate advertisements claiming that properties for sale were designed by a named architect when actually the person named is not an architect at all. These advertisements potentially deceive buyers, given that a house designed by an architect may carry a price premium. Typically puffery is used like, to quote a real case, “Immaculately detailed, the house was designed by renowned Christchurch architect Ray Hawthorne.” Mr Hawthorne may be renowned, but he is not an architect.

Only about 5 per cent of New Zealand’s residential properties are designed by architects. The rest are designed by others, sometimes called architectural designers, who either are trained in drafting or self taught.

In some cases the vendor is deluded about his or her house. The vendor thinks the house must have been designed by an architect because it has some unusual features or looks funky. The real estate agent is told this and blithely places the advertisement. In some other cases the real estate agent may be just trying to talk up the price.

Either way, this will not do. The Real Estate Agents Professional Conduct and Client Care says (6.4) A licensee must not mislead a customer or client, nor provide false information.

Also, under the Registered Architects Act 2005 it is an offence for anyone to claim to be an architect who designs buildings unless he or she is registered. Only architects are entitled to use that title. A person pretending to be an architect can be fined up to $10,000.

Real estate agents need to check before placing advertising claiming that a named person is an architect. This can be done in seconds via the online New Zealand Architects Register at www.nzrab.org.nz. A search facility allows you to enter any name and then find out if that person is registered in New Zealand. There’s also a listing of former architects, incase the person who designed the house is retired or deceased.

Real estate agents should take this seriously. The NZRAB has laid complaints with the Advertising Standards Authority and the Commerce Commission. At the time of writing, the Real Estate Agents Authority was also investigating a breach and further complaints will be laid whenever more breaches are detected.

Architects work hard to gain their professional recognition, and so naturally they get grumpy when others try to cash in on that. Also, they fret when houses of, as they see it, dubious merit are falsely credited to their profession. Architects are asking real estate agents to show the same care as one would expect from any professional group.

Paul Jackman

CE New Zealand Registered Architects Board

0

Seasonally adjusted property sales

Posted on: June 5th, 2010 | Filed in Buying / Selling a home, Market News

The release this week of the May NZ Property report provided us here at Realestate.co.nz with the opportunity to update one of the key measures of the report – the level of inventory of unsold properties on the market. We have chosen to switch to quoting seasonally adjusted, rather than raw data. This was prompted by review meetings with economists, whose recommendations, I certainly take on board.

However I was approached a couple of times this week to be questioned why we had taken this route when seasonally adjusted data can be seen as “smoothed” or at worst “manipulated”. The view put forward, was that it was best to state the facts and let people make their own assessment. My answer to the question was in some ways supporting and in someways opposing. The NZ Property Report does publish actual data of new listings coming onto the market in the past month as well as actual asking price. The decision to make the inventory stats seasonally adjusted is that it is a calculation, based on actual inventory and actual sales. The issue is that there is a timing factor in the sales data, whereby the two sets of data are out of alignment.This has the potential to distort the inventory statistics.

Reflecting after these questionings I was drawn to want to share some insight behind the differences between actual and seasonally adjusted data. So I have taken the opportunity with the latest Barfoot & Thompson data for May to cast some light on the subject in order to assist greater understanding.

The report from Barfoot & Thompson highlighted the “rise in sale volumes to 792 in May, up on April’s 671 deals but still well behind the year’s peak in March of 927 deals”. These are the actual sales levels, by comparison the seasonally adjusted data shows that May sales were 745, up on April which was 723 and also up on March at 712, in fact the first 5 months of 2010 has seen a steady albeit very slow rise month on month of sales (seasonally adjusted) for Barfoot and Thompson as the largest real estate company in the Auckland region. The chart below shows this particularly well. The critical fact is that by seasonally adjusting the data allows for a true like-for-like comparison between one month and the next.

Barfoot & Thompson seasonally adjusted sales 2010 Realestate.co.nz

The calculation of seasonal adjusted sales in this case is made using Barfoot & Thompson own data for the past decade. The inescapable fact is that the property market does move in seasonal cycles through the year, added to the ever present reality that there are different number of days per month which will naturally effect sales numbers.

What is interesting is to look at the seasonal factor for the Barfoot & Thompson data represented in the chart below. Clearly March is traditionally the biggest sales month with nearly 11% of all annual sales whilst December languishes with just 6.5% of sales – in theory an average month would be 8.3%.

Barfoot & Thompson seasonal sales 2000 to 2009 Realestate.co.nz

Looking at these statistics reinforces the assertion put forward in a prior Unconditional post that Summer may not be the best time to sell a property; because as you see the level of winter activity is pretty consistent, the 5 months through June to October represent a a steady 8.3% average – equal to one twelfth of the annual total.

11

NZ Property Report – May 2010

Posted on: June 1st, 2010 | Filed in Featured, NZ Property Report

blue pen and small houseThe fall in the asking price expectation of new listings coming onto the market in May (from $422,520 in April to $407,349 in May) would seem to indicate that the state of the market is driving a behaviour amongst new sellers to price property to meet-the-market. That is to say in this case given the high levels of inventory of unsold homes matched to sluggish property sales, something has to give and price is what has been adjusted. The sales figure for April from REINZ was 5,207 as compared to April 2009 at 6,210. This means that to achieve a secure sale in today’s market requires sellers to price at a competitive level relative to other similar properties on the market.

These statistics are detailed in the latest NZ Property Report for May 2010, published here and available as a downloadable report to print or distribute.

Cover_of_May_2010_reportIt is worth highlighting at this point that there is no evidence within the daily data of new listings coming onto the market that the asking price has been affected by any move as a result of the budget of May 20th. In fact new listings slowed considerably in the last week of the month and the truncated mean asking price of those listings was not significantly different from earlier in the month.

This report for May has a revised set of data for inventory. Following feedback from economists, the inventory data which is derived from the stock of unsold houses divided by the 3 month moving average sales figures from the Real Estate Institute has been adjusted to now reflect seasonally adjusted sales. This will ensure that inventory as measured in equivalent weeks-of-sales is now itself seasonally adjusted to better track the level of unsold homes on the market. All historical data in this report has been recalculated to reflect this change.

Asking Price

Asking price cht AMy 2010Property price expectations of new listings coming onto the market fell by 4% in the month of May as compared to April. Asking price has been volatile over the past 6 months which has also typified a quieter period of sales in the market; however since early 2009 asking price expectation has been trending upward.

As compared to May 2009 the price was up marginally by 1.5%, however the truncated mean price is still some 5% below the peak of the market back in October 2007.

New Listings

NZ Property Report May 2010 - new listings Realestate.co.nzThe volume of new listings coming onto the market fell again in May to 11,733 – down 4% from April, however the figure is up 17% as compared to the same period last year.

Whilst the month-on-month decline is consistent across the regions; underlying the national figures is a higher increase (year on year) in new listings in the 3 key metro markets.

Inventory

NZ Property Report May 2010 - Inventory of unsold houses Realestate.co.nzThe level of unsold houses on the market at the end of May totaled 51,980.This represented the equivalent of 46.9 weeks, as assessed on a seasonally adjusted basis.

The inventory of unsold homes had been rising steadily over the past 11 months, however for the first time the trend has halted. A key contributor to this has been the slowing in the pace of new listings coming onto the market, especially as property sales still remain sluggish.

Regional Summary – Asking Price Expectations

NZ Property Report May 2010 - Asking price expectation across the regions of NZ Realestate.co.nzAfter a 3 month period through the summer and autumn when asking prices remained stubbornly fixed at the c.$420,000 level whilst inventory crept up and sales remained sluggish; the asking price has fallen by a significant level in May.

Of the 19 regions, 7 did show asking price increases, although these were outside the 3 main centres of which Auckland set the mood with a 2.5% fall in asking price as compared to the recent 3 month period. The increases of price in Wairarapa and West Coast should be taken cautiously as they are two of the smaller regions in terms of volumes of new listings. The significant falls in the regions of Northland, Coromandel and Nelson could reflect the seasonal changes with holiday accommodation changes at the end of summer, and in fact are reflective of similar falls this time last year.

Regional Summary – New Listings

NZ Property Report - May 2010 regional map of new listings Realestate.co.nzAcross the 19 regions of the country, listings showed significant increases in 7 areas with a further 4 posting double digit year-on-year growth. The main metro centres of Auckland, Wellington and Canterbury all showed significant year-on-year increase. This is many ways more of a refection that a year ago the market was showing a resurgence as existing stock was being snapped up by bargain hunters, as falling prices had stimulated the market. This year no such activity has been seen.

There were some significant falls in new listings coming onto the market across the regions, mainly in provincial areas where certainly property sales have been more sluggish and where sellers may have been reluctant to enter the market.

Regional Summary – Inventory

NZ Property Report May 2010 Inventory of unsold houses, regional analysis - Realestate.co.nzThe prevailing sentiment from the level of inventory of unsold houses remains clearly in the camp of property buyers having the upper hand in the market. Of the 19 regions just 3 showed any balance in the market, with only the Central Otago Lakes posting an inventory level lower than the long term average, indicating a slight shift to sellers being in the box seat in this region.

The data for May as with all data for inventory as noted previously has been adjusted to reflect seasonally adjusted sales which has removed some of the volatility extremes of inventory, and better represented true inventory.

Despite the clear view that the property market is currently firmly in the camp of a buyers markets as it has been for a number of months; there are regions of the country which with prevailing conditions remaining, will likely see a shift out of their market focus in the coming months. Of those regions the main ones will be Wellington and Taranaki, which are close to being a more balanced market with neither sellers nor buyers having the upper hand.

Lifestyle Property

NZ Property Report - May 2010 Listings of Lifestyle properties Realestate.co.nzA total of 1,146 new listings of lifestyle properties came onto the market in May. This is the fourth month with listings in excess of 1,100, all of which have represented strong year-on-year growth in listings.

The truncated mean asking price has though over the same period fallen significantly from a peak of $601,000 in January to the May figure of $504,557. This figure for May represents a 13% fall comparing the month to May 2009 and a 9% fall as compared to the recent 3 month average.

Within the total, the Auckland region featured strongly with 345 new listings up 64% on May 2009 with an asking price expectation exactly in line with the prior 3 months and prior year at $871,091.

Apartments

NZ Property Report May 2010 New listings for apartments Realestate.co.nzThe number of new apartments fell again with just 560 coming onto the market in May. This however represents an 18% year-on-year increase, taking the levels back to 2008 market levels.

The truncated mean asking price was down 4% on the prior 3 months at $377,893 and down 5% as compared to May 2009.

As ever the Auckland market dominates the figures with a total of 367 new apartment listings coming onto the market, up 20% on May last year with an asking price expectation of $344,541 down 5% on prior 3 months and down 2% compared to last year.

Property Price Index

Comparing absolute house price sale data to listing price expectation is not a like-for-like comparison, however the alignment of trends can be useful as detailed below:NZ Property Report May 2010 Property Price Index comparison Realestate.co.nz

Realestate.co.nz: data is compiled from asking prices of new residential listings as they come onto the market via subscribers to the realestate.co.nz website. The Realestate.co.nz website currently has over 94% of all licensed real estate offices subscribing and providing all of their listings onto the website. The asking price is presented as a truncated mean price at a 10% interval.

REINZ: data is compiled from reported unconditional residential sales from all members of the Real Estate Institute of New Zealand representing all licensed real estate offices. The sale price is published as a stratified median house price and is developed in association with the Reserve Bank of NZ.

Notes:

Truncated mean

The monthly asking price for new listings presented in this report utilises the measure of ‘truncated mean’. This measure is judged to be a more accurate measure of the market price than average price as it statistically removes the extremes that exist within any property market that can so easily introduce a skew to traditional average price figures.

The truncated mean used in this report removes the upper 10% and the lower 10% of listings in each data set. An average or mean of the balance of listings is then calculated.

Methodology

With the largest database of properties for sale in NZ, realestate.co.nz is uniquely placed to immediately identify any changes in the marketplace. The realestate.co.nz NZ Property Report is compiled from new listings coming onto the market from the more than 1,160 licensed real estate offices across NZ, representing more than 94% of all offices.

With an average monthly level of over 10,000 new listings, the realestate.co.nz NZ Property Report provides the largest monthly sample report on the residential property market, as well as a more timely view of the property market than any other property report. The data is collated and analysed at the close of each month, and the Report is compiled for the 1st day of the following month. This provides a feedback mechanism as to the immediate state of the market, well in advance of sales statistics which by the very nature of the selling process can reflect activity with a lag of between 2 and 4 months.

In analysing the details of the 11,733 new listings in the month of May, a total of 405 listings have been excluded due to anomalies. The categorisation of Lifestyle property is defined by the land area of the property. The criterion is a property having in excess of 0.3 hectares and being situated outside metropolitan areas.

Background to Realestate.co.nz

Realestate.co.nz is the official website of the real estate industry of New Zealand, it is an industry owned website providing online marketing services to the real estate industry. The shareholders in the website comprise the REINZ (50%) and six of the largest real estate companies (50%). The website is the most comprehensive website for real estate in NZ, currently hosting over 120,000 listings, covering residential property for sale and rent, commercial property for sale and lease, rural properties and farms, as well as businesses for sale. With a subscriber base of over 1,160 offices, the website features over 94% of all listings from licensed real estate agents in NZ. Realestate.co.nz was visited by over 401,000 unique browsers in the month of April from both domestic and international visitors. The website is the most popular website for international visitors enquiring of NZ real estate, with over 124,000 unique browsers in the month of April from more than 200 countries.

The full NZ Property Report for May 2010 can be downloaded here (1.4MB pdf document). Additionally the raw data is accessible here as an Excel spreadsheet enabling anyone to analyse the raw data and establish any trends or observations.

Usage rights are governed under attribution to the source of the data being Realestate.co.nz. The next NZ Property Report for June 2010 will be published on this website on Thursday 1st July 2010 at 10am.

0

Extensive property reports on Zoodle further empowers buyers

Posted on: May 26th, 2010 | Filed in Buying / Selling a home, Featured

Property expert evaluation fixed v2Undertaking a detailed analysis for a property you might be interested in buying  just got a whole lot easier thanks to Zoodle. New reports have been made available on Zoodle which allow more extensive review and investigation of individual properties that may be on your wish list.

We have been listening to feedback and appreciate that for active property investors and researchers, keen to capture key raw data on a number of select properties, the current portfolio of detailed individual property reports may not match their exact needs. What people told us was they wanted to go shopping for a key data on a number of properties – kind of like bite sized morsels rather than a full meal, so we have established a much more comprehensive menu of reports

So in addition to the comprehensive property reports (sample report here) and valuations that have previously been available on Zoodle, you are now able to shop for specific records and details for individual properties. These records comprise the following:

(Note: These reports may not be available for all properties – however you will be able to see before making a purchase decision which are available for which properties.)

Certificate of Title

New Certificate of Title for a NZ property on ZoodleThis report details the legal owner of the property and shows everything registered against the property title. The Certificate of Title details whether there are any Mortgages, Leases, Easements, land usage restrictions, or other interests registered against the property title. It will also tell you whether the land is freehold or leasehold. The Certificate of Title comes complete with a diagram, it will include a separate page with a simple diagram of the deposited plan of the property, normally showing the property’s area and dimensions. This report costs $11.25 (inc GST) – you can download a sample report

Rating Valuation

This simple but important single piece of data is available for the majority of properties containing the rating valuation, the land value as well as the value of any improvements. Just $2.95 per property – view a sample report

Previous sale price

This report provides the previous sale records for the property. It contains date of sale, gross sale price, net sale price and details of any chattels; in addition it details the rating valuation at the time of sale including the land value. Just $3.00 per property – view a sample report

Local sales

This report provides a summary list of up to 10 sales within 1 km of the property in the past 12 months. For each property the records include the street address, the rating valuation, the date of sale, the gross and net sale price. This report is $14.95 – view a sample report

Zoodle provides a rich resource covering all New Zealand residential property with free reports to download and be distributed by email. In addition there is comprehensive details on local communities, with vital statistics on the local property market as well as census data to enable informed decision making on property investing right across the country.

Page 52 of 91« First...102030...5051525354...607080...Last »