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Michael Ford
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Tag Archives: New Zealand
Volume Lifts, but Not Prices!
The March Real Estate Institute Of New Zealand statistics are out and the number of sales in Feilding and Palmerston North was quite good – a fraction more than a long term average. This follows 2 months with well below … Continue reading
Now Might Be Best
Why do I think that now might be a good time to sell and buy in Feilding, and the Manawatu /Rangitikei? Firstly, our values are steady, unlike Auckland and Christchurch in particular. Secondly, our values are very affodable compared with … Continue reading
Posted in Market update
Tagged Auckland, Feilding, Good time to Sell, increase, Interest rates, Manawatu, market, New Zealand
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Encouraging Statistics
As we all know, the Auckland residential real estate market is flying, with the median sale price at $535,000 across the entire city, and $920,000 for Eastern Suburbs. This has a major influence on the New Zealand residential real estate … Continue reading
Posted in Market update
Tagged Feilding, improving, market, median, national, New Zealand, Palmerston North, Real Estate, Residential, Shortage, sold
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Price Highs, Lows, Then & Now Feilding Beats Auckland
It is interesting to see how different parts of New Zealand have experienced changing median house prices. I have looked at what the median price was in June 2003, (6/03) at the end of the 2003 – 2008 property boom … Continue reading
Posted in Market update
Tagged Auckland, boom, Feilding, Growth, house prices, impressive, median, New Zealand, Property
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We Are Comparatively Ok!
Home loan affordability is worsening again in New Zealand, with Auckland leading the charge, according to the October Roost – Home loan affordability survey. The drivers of home loan affordability are house prices (which are rising in Auckland), after tax … Continue reading
Posted in Market update
Tagged affordability, Auckland, Feilding, Friendly Feilding, Home loan, interest, Manawatu, median, New Zealand, Palmerston North, peak, rates, unaffordable
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What is the Median Sale Price?
The median sale price is calculated by the Real Estate Institute of New Zealand (REINZ) each month, based on every house sale through every licensed Real Estate Agent. The median is calculated for towns, cities, regions, and the country. The … Continue reading
Posted in Uncategorized
Tagged Calculated, Feilding, median, medium, New Zealand, Real Estate, REINZ, Sale Price
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Value Levels
I have been observing the emergence of 2 markets in NZ over the last year or so. Auckland and Christchurch are seeing rising values, and the balance of the country is not. Eastern Suburbs in Auckland had a median residential … Continue reading
Posted in Market update
Tagged Auckland, Feilding, Levin, Markets, median, New Zealand, nz, Palmerston North, REINZ, Residential, Statistics, volume
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Big July!
July saw the highest number of residential sales through all Real Estate Agents in Feilding since November 2009. July was 10% up on a long term average, which shows that the sales numbers have been down for some time. In … Continue reading
Posted in Market update
Tagged 2009, 2010, 2011, 2012, Auckland, average, Feilding, July, Levin, median, New Zealand, Pahiatua, Palmerston North, Rangitikei, Wanganui
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Home loan affordability for first-home buyers
I refer to the Roost report for June 2012. This assumes a first home buyer in their late 20’s, and a house in the lower price quartile. The report takes into account house prices, time to save a deposit, after … Continue reading
Posted in Market update
Tagged Feilding, First home buyer, Loans, Mortgage\, New Zealand, Palmerston North, Wanganui
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