I will keep adding to this thread as new information comes to hand.
As a newcomer to New Zealand 11 years ago I found it all bewildering at first especially when making your biggest purchase. So many houses are marketed using terms such as PBN which means Price by Negotiation other terms used can be
BEO
Tender
MWP
for an explanation of Kiwi terminology when buying property in New Zealand, Kiwibank offers some good explanations on their website here is the link
Home loans in plain English - Kiwibank
Arming yourself with as much information about the property market will hopefully help you make wise decisions.
The following articles appeared in today edition of the New Zealand Herald & the entire articles can be read online.
QV: What the property industry says - Business - NZ Herald News
Have you ever been to a property auction? Some pointer for you.
Auckland property market out in front - Business - NZ Herald News
They had a separate Property Report in today's NZ Herald which charts the movements in prices since when property prices peaked in late 2007. The results are for 400 suburbs across the North Island.
If interested in following this further log onto QV to read the data in detail.
Another website for all manner of real estate values & suburb information is http://www.zoodle.co.nz/
As a newcomer to New Zealand 11 years ago I found it all bewildering at first especially when making your biggest purchase. So many houses are marketed using terms such as PBN which means Price by Negotiation other terms used can be
BEO
Tender
MWP
for an explanation of Kiwi terminology when buying property in New Zealand, Kiwibank offers some good explanations on their website here is the link
Home loans in plain English - Kiwibank
Arming yourself with as much information about the property market will hopefully help you make wise decisions.
The following articles appeared in today edition of the New Zealand Herald & the entire articles can be read online.
to read more follow the link belowThe recovery of the housing market is much wished for by those in the property industry, but is it really happening in the early stages of 2012? What are the signs? Our industry heads give Gill South their honest take on the sector, which is, on the whole, cautiously optimistic.
QV: What the property industry says - Business - NZ Herald News
Have you ever been to a property auction? Some pointer for you.
Find out what happened next: QV: Caution in the air at property auctions - Business - NZ Herald NewsThe lady is just three rows in front of the auctioneer - not the greatest place to start stretching with an innocent arm above the head when a deal is in the making.
Instantly she recoils as the man with the hammer jabs away pleasantly, trying to establish whether he's dealing with a live bid or a solo zumba display.
And Auckland property: well if you want to buy in close proximity to the city it seems to be the winning choice for property owners.The Property Report, published in today's Herald, shows average house prices since the 2007 market peak have climbed throughout Auckland city, but prices in other North Island cities are up to nearly 18 per cent below what they were four years ago.
Auckland property market out in front - Business - NZ Herald News
They had a separate Property Report in today's NZ Herald which charts the movements in prices since when property prices peaked in late 2007. The results are for 400 suburbs across the North Island.
If interested in following this further log onto QV to read the data in detail.
Another website for all manner of real estate values & suburb information is http://www.zoodle.co.nz/