New Zealand housing market: Stable for now
New Zealand housing market stabilises as interest rate cuts bring balance. After volatility, median house prices have remained between $750,000-$801,000 for two years, currently at $790,000.
New Zealand housing market stabilises as interest rate cuts bring balance. After volatility, median house prices have remained between $750,000-$801,000 for two years, currently at $790,000.
A beachfront property in Mount Manganui has been completely transformed, from a 1970s two-level villa to a contemporary, resort-style abode, and will head to auction next month.
NZ construction faces challenges with crane numbers at lowest since 2016. RLB Crane Index shows 15.3% decline since last quarter, with only 105 cranes now visible nationwide, down from 124 in Q3 2024.
The Myf Porter story
Mortgage holders and prospective buyers will find further relief in the Reserve Bank of New Zealand’s decision to cut the official cash rate (OCR) by another 25bps, to 3.5 per cent, today.
In a game-changing partnership, Ray White has extended its contract with visual communication platform Canva for another two years, with 12 months still left on the contract.
Ray White New Zealand’s auctions show no sign of slowing down in the lead up to Easter, with the group scheduling 212 properties to go under the hammer last week.
Ray White Mt Eden sold more than $13 million in property at their in-room auctions yesterday, with nine properties going under the hammer.
Ray White New Zealand scheduled 212 properties to go under the hammer last week, recorded a clearance rate of 53.4 per cent, up 4.12 per cent year-on-year.
Ray White New Zealand members spent the month of March helping Ronald McDonald House Charities raise more than $400,000 during their House to House campaign.