The decision of residency is significantly determined by the price of real estate in any given region. Where a person decides to live is heavily influenced by the cost of housing in comparison to other factors such as income, security, and property appreciation.
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Rent in Aotearoa is at an all-time high, with the national median weekly rent reaching $595 in January, according to the latest Trade Me Property data.
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House prices in some sought-after school catchment zones have bucked the downturn trend, soaring by more than 40 per cent in 2022 as families and investors compete for homes close to popular schools.
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Investor and ex-auctioneer Matthew Ryan is blunt in his opinion of property auctions today, describing them as “like a modern day Gallipoli”, where vendors’ homes are sent “over the top” by estate agents in the hope some might be sold.
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An Auckland first-home buyer snapped up a two-bedroom, inner city apartment for $25,000 earlier this month, but it may not be the bargain it appears to be.
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Wider sidewalks, less parking, dedicated bus lanes and more parks could be in store for Edmonton’s Whyte Avenue area in the future.
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The fate of a plan to build twin ice rinks in Abraham’s Landing could be decided soon after a seven year hiatus when council deferred the project in 2016. Councillor Ken Ball plans to ask council at the Feb. 28 meeting to ask administration to study if the Northside Recreation Centre, which includes two ice rinks, should be built.
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Real estate syndication has become an increasingly popular investment strategy for individuals looking to earn passive income, diversify their portfolios, and benefit from the stability of real estate. In syndication, multiple investors pool their capital to purchase and manage a property, intending to generate income from rent or appreciation. This allows individual investors to participate in more significant, more profitable real estate deals that would be difficult to achieve independently.
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High property prices and a property investment market slump are leading both Hong Kong residents and investors to look elsewhere for property. One location favoured by many Hong Kongers is the UK.
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The average mortgage rate for a first-time buyer in 103 mainland Chinese cities fell to 4.04 per cent in February, the lowest level since 2019, according to the Beike Research Institute.
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