Feature article
November 2024 Property Market Update
Where does the property market stand right now?
AI summary
New Zealand's property market gives buyers pricing power, with listings at a six-year high while sales volumes remain low. National property values have seen eight months of decline, per the CoreLogic HVI.
First home buyers are highly active, holding a record 26-27% market share, while investors are only slowly returning.
With Official Cash Rate (OCR) cuts expected to lower mortgage rates, the downturn may be ending. However, a slow and steady recovery is forecast for 2025.
Author
Discover More
‘We wanted to show off’: He built his own Lockwood home to prove what it could do
Former Lockwood boss Joe La Grouw’s 648sqm Rotorua home, built to showcase the company’s designs, is now on the market.
Famed architect built this grand Masterton home for his family of 10
Architect Charles Natusch built this grand Masterton home for his family of 10 in 1893.
Search
Other articles you might like
