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Join the digital property revolution!

As we progress in the digital age, it seems appropriate that the property report is also updated to provide the benefits that a truly digital format can provide. We have been working behind the scenes to launch a new, dynamic report version and are happy to tell you that, subject to your subscription...

Some rental markets have weakened, but most holding up for now

Recent events are clearly starting to take a toll on property rents in Queenstown, which have fallen by 10% since the same time last year. There are also a few other pockets of weakness across the country, although so far most areas have seen rents hold up pretty well.

July House Price Index illustrates property market resilience post-COVID

According to the July 2020 QV House Price Index (HPI) results out today, property values recorded a marginal increase, up 0.2% over the month. This is somewhat of a turnaround from June, after the national index edged 0.2% lower.

Quarterly Property & Economic Update - COVID-19 special edition

It’s obviously been an unprecedented year for the economy and property market so far in 2020, and unfortunately we’re not out of the woods yet.

Owners loving not listing

The CoreLogic Buyer Classification series has shown that ‘movers’ (i.e. existing owner occupiers who are moving house) are relatively quiet at present, accounting for just 26% of NZ-wide property purchases in Q2 – the norm for this buyer group is closer to 30%.