The business of new
With a government mandate to provide more housing at a rapid pace, and a building and construction boom well underway, new-build properties are proving more popular with Kiwi purchasers. Bayleys investigates the allure of new homes, and what to look for when purchasing one.
Property prices across the Auckland region continue their upward trajectory and a new wave of features such as subdivision potential are adding value, making a push for the top of buyer’s wish lists. In light of these modern demands, Bayleys asks whether Kiwis still covet a place by the water?
Auckland’s best entry-level suburbs
Record-breaking property prices demanding higher deposit requirements and tighter monetary policy settings have caused Kiwis to rent for longer, entering the property market later in life. So, in a city where the average value exceeds $1 million – Bayleys asks where first home buyers can find value?
Does our property valuation system need to change?
With Auckland properties having three-yearly rating valuations deferred thanks to obstacles presented by the global pandemic, Auckland Council chief economist David Norman asks whether the current rating valuation system is ready for an overhaul?
The new checklist
Continually evolving with the availability of new technology, building materials and lifestyle opportunities, residential property preferences have experienced a palpable shift over the last decade. Johnny Sinclair Bayleys’ national director residential investigates the home assets appearing atop buyers’ wish-lists in 2021.
Despite a population that’s almost doubled in size, the 1970s remains New Zealand’s most efficient period for residential construction activity. Nick Goodall, head of research at CoreLogic discusses how national housing supply, or a lack thereof, continues to impact residential property prices.
Lure of the lifestyle
In a world full of choice, where more agile working environments offer greater flexibility to workers, residential choices are increasingly dictated by social and lifestyle factors. Vanessa Taylor, spokesperson for realestate.co.nz discusses the trends driving residential sale decisions in the wake of COVID-19.
Will urban development initiatives transform the housing market?
Tasked with building better cities, the recently released National Policy Statement on Urban Development 2020 sets new guidelines for New Zealand’s growth. Leonie Freeman, Property Council of New Zealand chief executive explains how this is poised to impact residential property owners.
How could recent tenancy reforms affect you?
Whether you’re renting or aspiring to property investment, controversial policy changes to the Residential Tenancies Act are poised to have an impact. Bindi Norwell, chief executive of the Real Estate Institute of New Zealand talks to Bayleys about the changes and their effect on the residential property market.
Where to from here?
With New Zealand’s building and construction industries badly impacted by more than 33 days of zero activity over the lockdown period, independent economist Cameron Bagrie investigates whether expected lower building activity will have an impact on residential property prices.
Macro View - What’s driving you?
As New Zealand continues to navigate the muddy economic waters of uncertainty arising from the COVID-19 pandemic, push/pull mechanisms at play continue to drive residential sale decisions – and they’re not all negative, say Bayleys national director of residential Johnny Sinclair and independent economist Tony Alexander.
How a negative interest rate would impact you
Could your bank pay you to take out a loan? No, we haven’t fallen down Alice’s rabbit hole, this is the world where the central bank implements a negative Official Cash Rate. Bayleys’ property reporter Katharina Charles speaks to Brad Olsen of Infometrics to understand just how this is poised to impact residential property owners.
Congestion pricing and the housing market
The average Kiwi spends more than 150 hours idling in traffic every year, but just how could the solution to our gridlocked roads affect the housing market? Bayleys’ property reporter Katharina Charles speaks to The New Zealand Initiative’s chief economist Dr. Eric Crampton to find out.
Relaunching your property after COVID-19
More than 25,000 residential property listings were put on pause as New Zealand entered lockdown, many of which have relaunched as we scale down the COVID-19 alert levels. Bayleys property reporter Katharina Charles asks the experts how to draw fresh attention to a stale listing.
The bigger picture
Global economies hold hidden potential when it comes time for the hammer to fall. Amidst growing feelings of nationalism abroad – think Brexit, ‘buy American, hire American’ and ‘Australia first’, New Zealand is fortunate to be in a position where we can appreciate the positive outcomes of our diversity.
What buyers want
‘Sustainability’, ‘green’, ‘eco-friendly’ – we’ve certainly come a long way since the days that these words conjured visions of protest placards. Now, not only is your street credibility directly related to your environmental awareness – but so too is the value of your home.
Global Expo unlocks golden opportunities
Making waves on the global stage is now a regular occurrence for our little slice of paradise in the southern hemisphere - New Zealand. From our first ranked (per capita) Paralympic medal haul, to our premium meat, dairy, produce and honey - the world is taking notice of New Zealand for all the right reasons.