Where is the NZ property market is heading ? How to ensure Business Success in 2010
May 09, 2015
Where is the NZ property market is heading ?
How to ensure Business Success in 2010
Boom or Bust – everyone has an opinion
Property Prices - rebounding
Property prices – small declines
Principles of real estate
Access to accurate, timely and comprehensive data is
critical
Information is key – but property is not just an investment
Aug Sep Oct Nov Dec
Conditional offer 21 Sep
Unconditional offer 16 Oct
Settlement 13 NovListed 27 Aug
Protracted release of property data
The web has opened up a richer source of data on the dynamics of
the market for property
TurnoverTurnover ValueValue PacePace DemandDemand SupplySupply
Better informed decisions based on richer information
Sales PriceSales PriceProperty sales
Property sales
ValuationsValuations
Days on the market
Days on the market
InventoryWeeks of
sale
InventoryWeeks of
sale
New listingsNew listings
Website traffic
Website traffic
Lead generation
Lead generation
Asking priceAsking price
New monthly report
Property sales – still all time low
Putting sales into perspective
Supply – inventory building
Supply – true inventory more balanced
Demand – web traffic as a surrogate of consumer confidence
Demand – Consumer sentiment reflected in web traffic
Property Prices - no inflated expectations in asking price
Property Prices – Comparison to UK
Sales volumes steady growth back to long term volumes
Rising demand – stifled natural demand & migration / population growth
Constraining demand - continued tight credit criteria- rising interest rates
Restrictive supply - new builds / source of labour
Growing supply – market confidence encourages sellers
Median price : 1 year: 0% - 5% 2 years: 10%
A steady property market