March 1, 2024

Investments

Is 2023 The Ideal Time to Buy A Property?

Even though the following OCR review is scheduled on February 22, Century 21 New Zealand owner Tim Kearins anticipates more excellent interest rate stability this summer. However, he cautions that this “won’t make it any simpler for many young Kiwis to acquire loans in the first place.” Kearins believes that the next six months might be an excellent time to purchase a house since the number of listings is increasing and sellers are becoming more realistic about pricing expectations. Even while getting a loan from a conventional bank in New Zealand still has its challenges, he advised not discounting the

March 1, 2024 No Comments

Australia Property

What do experts in Australia’s real estate sector anticipate will happen in 2023?

Indeed, 2022 has been a remarkable year full of unexpected developments. As recently as a year ago, the Australian property market was experiencing a nationwide boom, with remarkable increases seen most noticeably in Sydney and Queensland. Interest rates are hovering around 2% since the Reserve Bank of Australia (RBA) retained the cash rate at a record low level of 0.1% despite some mild headwinds. The RBA boosted the cash rate in May almost two years earlier than they had predicted. This routine continued for the following eight months. Price drops were seen across the board in the real estate market

March 1, 2024 No Comments

New Zealand News

New Zealand housing goes up by 76% in a year

WELLINGTON, Sept. 22 (Xinhua) — According to the most recent Trade Me Property Price Index, issued on Thursday, the number of properties for sale in New Zealand continued to skyrocket in August, rising a record 76 percent compared to August of the previous year. Director of Property Sales at Trade Me, Gavin Lloyd, stated that the national property supply has increased annually for the past nine consecutive months. “While last month’s surge was somewhat attributable to the statewide lockdown in August 2021, these increases have been rising all year, and the current supply is substantially above pre-pandemic levels.” “Last month

March 1, 2024 No Comments