Press enter

New Zealand market looking good for 2012 | 20 February 2012

New Zealand’s property market is shaping up for a healthy 2012 if figures from the previous year are anything to go by.

A 9 per cent rise in properties being sold in 2011 shows that the market is currently in the best shape it has been in the last five years, while the average asking price for properties – NZD417,740 – remains steady with only a 1 per cent drop.

The selling of a total of 61,269 properties in 2011 “represented a modest 9 per cent growth as compared to 2010,” claims Alistair Helm, the director of the Real Estate Institute of New Zealand (REINZ).

“The word modest is most appropriate when the volume of sales is viewed against the perspective of the past 20 years. 2011 was much improved from both 2008 and 2010 which represented the lowest sales volumes of the past 20 years, barely struggling to reach half the sales volumes of the peak years of 2002 to 2007,” he added.

Furthermore, according to property insider Peter Thompson, now until late autumn will see new listings and sales numbers build, cites Property Community.

“Buyers and sellers are taking a measured approach and it will result in the market remaining stable and positive,” he explained.

Written by Ashley Curtis on behalf of Qube Global Software

While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.

Share this story
Posted by Matt Roobol

More News

Qube Global Software wins Industry Supplier of the Year Award for 2nd consecutive year | 2 December 2016

Qube Global Software won Industry Supplier of the Year at the News on the Block Property Management Awards for the second year running.

Qube Global Software to host webinar with the Facilities Show | 24 November 2016

We have partnered with the Facilities Show to host an exclusive webinar on the relationship between facility, property and estate managers and their service providers and contractors.

Qube Global Software shortlisted as Industry Supplier of the Year | 9 November 2016

We are delighted to announce that Qube Global Software has been shortlisted in the Industry Supplier of the Year category at the Property Management Awards 2016, hosted by News on the Block.

This website uses cookies. By continuing to browse this website you are agreeing to our use of cookies. Please see our cookie policy for more details. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close

This website uses cookies. By continuing to browse this website you are agreeing to our use of cookies. Please see our cookie policy for more details. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close