Kapiti Financial Advice Limited – KiwiSaver and Investment
Earlier this week the Real Estate Institute of New Zealand (REINZ) released property market data for June. It came as no surprise to see that the data continued to reflect a tight market, squeezing further house price growth in a very stretched market. The national median price crept higher to $820,000, from $817,500 in May. … Read more
Earlier this week the Real Estate Institute of New Zealand released house price data for May reporting the familiar and increasingly concerning theme that house prices continue to rise. The Auckland region hit a new record house price again, of $1.148 million. Auckland City, North Shore City, Manukau City, Rodney District and Waitakere City all … Read more
BNZ economists expect price growth to soften in 2022 and 2023, but the longer inflation remains at current elevated levels the greater the chance that the housing market will be forced into a major correction. They have observed that: Population growth has weakened considerably House prices are simply becoming beyond reach Both the Reserve Bank … Read more
Late last week the Real Estate Institute of New Zealand reported that Auckland recorded a median house price of $1.03 million in November, after making history the previous month when hitting the million-dollar mark for the first time. Now Wellington City is hot on Auckland’s heels, recording a median house price of $980,000 in November, … Read more
Earlier this week the Real Estate Institute of New Zealand released their Monthly Property Report for the month of October in which Chief Executive, Bindi Norwell, commented that “October 2020 will go down in ‘housing history’ as being the point in time when Auckland region’s median house price hit the million-dollar mark for the first … Read more
Earlier this week the REINZ released residential property statistics for June, revealing a 9.2% increase in the national median house price from the level prevailing in June 2019. The national median house price was $639,000, compared to $620,000 in May and $585,000 in June 2019. The Wellington region recorded a 10.5% increase in the median … Read more