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The average home sale prices in Auckland fell 1.1% and reached NZ$933,130 in November, according to the Barfoot & Thompson. “Signs the rate of price increase has been slowing have been there for some months but November’s sales data confirms that for the time being at least, Auckland prices have stopped rising,” said Peter Thompson, Managing …
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The annual value of building consents for new homes has reached NZ$10 billion for the first time, according to the figures from Statistics New Zealand. In the 12 months to August 2016, 29,627 new homes were consented, with a total estimated value of just over NZ$10 billion. The number increased 14 percent from the August …
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Commercial property company, Oyster Group, has purchased the Millennium Centre business park at 600-604 Great South Road in Auckland for just over NZ$210 million, at a yield of 7.25%, with settlement due at the end of February 2017. The sale is understood to be New Zealand’s largest ever single office transaction. The Millennium Centre is …
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New Zealand’s largest real estate group Harcourts is offering full scholarships to New Zealanders wishing to join the real estate industry, which achieved $61bn in residential, rural and lifestyle sales last year. Today is the launch of the fourth intake into the New Zealand Real Estate Scholarship Programme, which represents an investment of more than …
