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New Zealand Genuine Estate Current Situation

By Guest

The New Zealand genuine estate marketplace situation is currently quite strong. The median sale cost fell slightly to $405,235 which is a excellent sign as winter approaches. The median number of days to sell has increased by 5 to 40 days on the other hand but this may be due to fixed period property auctions that have been obtaining great results as of late. House values are firming this season and it’s expected that there is going to be less volatility in the marketplace.

The total value of residential sales hit $2.24 billion, with most from the sales coming from the under $400,000 price tag range. Overall, prices for residential properties went up by 6.1% compared to the previous year, with numerous from the major districts experiencing growth by up to 9.5%. As expected, the bulk from the increase in genuine estate rates could be discovered in Auckland and Wellington with several other secondary cities like Dunedin and Nelson experiencing strong growth.

Within the near term, the marketplace remains fairly subdued with sellers and buyers both mulling over their alternatives and carefully contemplating their positions. Numerous are waiting for new budget info to come out just before making their move and it seems this is going to be the case in the next few months.

Mary O’Brien established New Zealand Mortgage Solutions in Australia in 2006. Her initial aim was to assist New Zealanders and immigrants to bring their deposit and stamp duty/set-up costs into Australia to purchase their Australian house. Given that then she has helped numerous Australian and international residents to invest in New Zealand by obtaining finance for them from a selection of 12 New Zealand banks financial institutions. Her customers have ranged from very first house buyers, initial investment property buyers and individuals planning their long term New Zealand retirement location, to those diversifying their investment portfolio, lifestyle purchasers and commercial property investors, too as those refinancing existing New Zealand properties.

Mary is New Zealand-born and was a finance specialist in Auckland with her own New Zealand company, Expert Investments Limited. This was formed in 1999, four years prior to she moved to Sydney, Australia. She continues to work with her New Zealand clients and returns regularly for business and to see her family. Mary has her personal Australian broking agency Downunder Mortgages Pty Ltd and Southern Cross Professional Investments Pty Ltd. She has been accredited with 35 Australian lenders since 2003.

Want to find out more about New Zealand Mortgages, then visit Mary O’Brien’s site on how to choose the best New Zealand Mortgage Solutions for your needs.

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Topics: Real Estate | Comments Off

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Article Citation
MLA Style Citation:
Guest, Guest "New Zealand Genuine Estate Current Situation." New Zealand Genuine Estate Current Situation. 3 Jul. 2010. uberarticles.com. 12 Aug 2014 <http://uberarticles.com/real-estate/new-zealand-genuine-estate-current-situation/>.

APA Style Citation:
Guest, G (2010, July 3). New Zealand Genuine Estate Current Situation. Retrieved August 12, 2014, from http://uberarticles.com/real-estate/new-zealand-genuine-estate-current-situation/

Chicago Style Citation:
Guest, Guest "New Zealand Genuine Estate Current Situation" uberarticles.com. http://uberarticles.com/real-estate/new-zealand-genuine-estate-current-situation/


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