March 24, 2024

Australia News

Top 5 property developments to watch out for in Australia for 2023

One of the leading property markets in the country has produced a study outlining what trends it sees occurring in the coming year, following many years of chaos not only in the property market but in the globe as a whole. My, how a year can change things. Domain’s Chief of Research and Economics, Dr. Nicola Powell, said that 2022 would go down in history as the year when the Australian real estate market shifted from a once-in-a-generation property boom to a slump. “2021 was an unusual year when housing demand increased to an all-time high, house prices soared, supply

March 24, 2024 No Comments

New Zealand News

QV data shows New Zealand property values dropped $118,000 since January.

According to recent figures from Quotable Value, the average value of a New Zealand property is falling by more than $1200 every week. The QV House Price Index put the average value of a home in New Zealand at $945,568 as of the end of November. This is $5472 less than the $951,040 in hand at the end of October. That works up to a weekly loss of $1262 in value for the typical home. However, the average value throughout the country fell by $118,197 between January and November, or over $2,750 each week. So while property prices are still

March 24, 2024 No Comments

Featured

New Zealand’s property market drops 12 years low.

The recent downturn in New Zealand’s property market has sent shockwaves through the real estate industry, marking a significant milestone with its 12-year low. This development, while concerning, offers insights into the shifting dynamics of the housing sector and its broader implications. Market Analysis: New Zealand’s property market, once buoyant and thriving, has hit a low not seen in over a decade. This decline reflects a complex interplay of economic factors, including changing consumer behavior, regulatory measures, and global economic conditions. Impact of Market Downturn: The ramifications of this downturn are far-reaching, affecting various stakeholders such as homeowners, investors, and

March 24, 2024 No Comments