50 basis point cut reflects “urgent” need for economic stimulus
The Reserve Bank of New Zealand has cut the Official Cash Rate by 50 basis points to 2.50 per cent, a stronger move that reflects the urgency of deteriorating conditions.
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Hilltop home hits the market for first time in 75 years
A close family connection to Paul Pascoe led to a one-bedroom home in Clifton being designed by renowned architects Pascoe and Hall.
Kevin He and Sunny Sun take on Ray White Blockhouse Bay
Renowned local real estate agent Kevin He and his partner Sunny Sun have kicked off the next step in their journey, opening Ray White Blockhouse Bay.
Seller overjoyed after “crazy bidders” compete for property
When selling his home of 13 years, vendor Steve knew he wanted to go to auction.
New Zealand opens doors to foreign buyers
New Zealand has partially lifted its foreign buyer ban, allowing “golden” visa owners to purchase a single residential property valued at $5 million or more.
$30M in property sold under the hammer on the North Shore
Ray White businesses across Auckland’s North Shore and Hibiscus Coast teamed up to sell nearly $30 million in property across three sites during their auction extravaganza, The Event 4.0.
Auctions see strong volume and clearance
Ray White New Zealand scheduled 206 properties to go under the hammer last week, up 10.8 per cent year-on-year.
From boom to equilibrium: New Zealand's housing market in three phases
New Zealand's housing market has reached equilibrium after three phases: pandemic speculation, correction, and recovery. Median prices stable at $761k with sustainable buyer demand replacing investment activity.
Auctions preferred method of sale for spring
Ray White New Zealand scheduled 128 properties to go under the hammer last week, with a clearance rate of 51.7 per cent.
Agent organises renovation for vendor’s investment property
Ray White Papanui agent Rob East was more than happy to take the reins when it came to coordinating a renovation for his client, Ben, who lived on the opposite side of the country.
Understanding the Real Estate & Economic Cycle
4th May 2023. Picking exactly where we are in the economic and property cycle is always a challenge. Historically, a complete circumnavigation of the clock below can be 8 – 10 years, depending on the location, type of property, economic factors, and demand … Read more
A Better Understanding Of Property Insurance
At a point in time that we reflect, following two of the most major weather events to occur in Auckland and NZ ‘s history, I thought that a blog on house and/or commercial property insurance is worthwhile reading. Clearly, under-insurance is a significant issue that can have serious … Read more
Do School Zones Impact House Prices?
Popular school zones are considered a big driver of house prices, but it is hard to pinpoint exactly how much additional value is due to the zone alone, experts say. While no-one doubts the positive impact a good school zone can have on an area, new CoreLogic figures suggest price … Read more
New GV’s – March 2022
What you need to know Patiently awaited, the latest Government Valuations have been recently released in the last fortnight, being the first review in over 4 years. Normally a 3 yearly cycle, all the G.V’s have been delayed due to Covid-19 and should have been updated as of 1st June … Read more
New Government Valuations
New Government Valuations ‘1st time in 4 years’! New Government Valuations released in December. Government Valuations (G.V.’s) are released on a normal 3 yearly cycle, with the last computer-based mass appraisal completed having an effective date of 1st July 2017. Over 4 years ago. Last … Read more
Action at the Coal-Face
Who would have thought that I would be writing this market insights blog two weeks into a COVID-19 Level 4 lockdown ! Looking around the world, no matter what your political leaning is, thank goodness we are not experiencing the extent of Delta outbreak that many other countries are fighting. … Read more
How to Know When You’re Ready to Buy a Home
Here at Lochore’s Real Estate, we’ve been operating as real estate agents in the lower North Shore for decades, so we’ve seen a lot of people take their first step into home ownership over the years. We understand; it’s a big decision, involving a complicated marketplace, and what’s likely to … Read more
Residential Tenancies Amendment Act 2020: A Guide
The New Zealand government recently passed the biggest changes in Tenancy legislation in 35 years, outlined in the Residential Tenancies Amendment Act 2020. Here at Lochore’s Real Estate, we keep up to date with all things residential property and care about our clients’ investments, which is why our Auckland property … Read more
The Best Ways to Add Value to Your Property
Any improvements to your house that cost less than the value they add are worth the money, but which improvements yield the best returns? As one of North Shore’s leading real estate companies, we here at Lochore’s understand the factors that are likely to optimise the value of your home. … Read more
Time to Look Again at Beach Haven & Birkenhead Properties
Contrary to popular belief, Auckland’s North Shore real estate properties aren’t all expensive bay-side villas and costly waterfront homes. In reality, it’s home to some of the best value properties in Auckland, particularly for for first-home buyers—you only need to know where to look! We are, of course, talking about … Read more
