Nationwide Property Value Growth Rallies As Summer Arrives
Nationwide Property Value Growth Rallies As Summer Arrives
by Super User
in Blog

Nationwide value growth rallies as summer arrives for the housing market

Date: December 2017

The latest monthly QV House Price Index shows nationwide residential property values for November increased 6.4% over the past year which is a much faster rate of increase than last month’s annual growth of 3.9%. Values rose by 3.6% over the past three months which is also much faster than last month when the market slowed to a quarterly growth of 0.9% and the nationwide average value is now $664,485 which is 60.4% above the previous market peak of late 2007. When adjusted for inflation the nationwide annual increase drops slightly to 4.4% and values are now 33.9% above the 2007 peak. 

Meanwhile, residential property value growth across the Auckland Region was down 0.5% year on year which is the slowest annual rate since March 2011 but values ticked up over the past quarter rising by 0.4%. The average value for the Auckland Region is slightly higher than last month at $1,045,741 and values are now on average 91.4% higher than the previous peak of 2007.  When adjusted for inflation values dropped 2.4% over the past year and are 59.7% above the 2007 peak.

QV National Spokesperson Andrea Rush said, “It appears the spring/summer upturn has finally arrived in the housing market.”

“Nationwide value growth has surged 3.6% over the past three months led by stronger growth in Wellington, Dunedin and many other regional centres around the country.”

“Meanwhile, Auckland and Christchurch values also ticked up slightly over the past three months bucking a downward trend seen over the past couple of months.”

“However, values in Hamilton and Tauranga ticked down slightly and some areas to the south and north of Auckland that have seen very strong growth in recent years also saw values drop significantly including the Kaipara and Hauraki Districts both down around 4.0% over the past quarter.”

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7 Reasons Why You Should Invest In Property
7 Reasons Why You Should Invest In Property
by Super User
in Blog

7 Reasons Why You Should Invest In Property

Investing in real estate can provide several different things: you can re-sell real estate, you can use the equity you have in the property to buy other properties, or you can just buy to sell when the property appreciates in value.  You can get consistent cash flow and long-term investment turnaround. Renting is the best way to invest in real estate; it’s the core of the market.

You can also manage your investment properties yourself or outsource this to a specialist property management company.

Here are 7 reasons why you should take the plunge and buy investment property.

1) The ability to access the funds to invest

Real estate has high leverage. You can get a loan more easily for real estate than for other investments like business startups etc.

Getting financed to begin fulfilling your investment goals is easier when you invest in real estate.  A key reason for this is the Bank will take the property as security against the loan and they are more confident that you and they will get a return on this time proven investment.

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Let Team Davis do it all for YOU
by Super User
in Blog

Should I Hire a Real Estate Agent to Sell My Home?

IT IS NOT THE COST THAT IS IMPORTANT IT IS THE RESULT THAT COUNTS!

There’s a reason nearly 90% of sellers use a listing agent: Selling a home takes time, knowledge of neighborhood trends, and negotiating skills. So while eliminating the agent’s commission 2.5-3.5% of the sale price on average, might seem on the surface like a tempting thing to do, but you should resist focusing on the cost as it is the result that counts most of all.

The agent’s chief tasks are to help set the right price and then get buyers in the door. Agents have access to the most up-to-date information about recent sales of comparable homes and competing listings in your neighborhood. “The market is shifting every day. It’s the agent’s job to keep abreast of those changes,”

A good agent also will tailor a plan to market your home aggressively. That means recommending how and where to market along with staging techniques to make the place look great, maximizing the listing with professional quality photographs, and showing the house to prospective buyers. Most important, the agent will vet potential buyers so you can deal only with serious buyers.

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