The latest round of the Household Income Survey by Stats NZ revealed a 41 per cent increase in household incomes since 2008.That’s more than twice the rate of inflation. From 2008, the average annual household income rose just over $30,000…
The updated Hastings District Council Rating Valuations are now out. These reflect an overall increase in house values of 17.9% over the past 3 years to 1st August. The Rural sector rose 18.1% and the commercial sector rose 7.6% since…
There were 220 applications for 24 residential sections in the latest release of sites in the Parklands Napier residential subdivision. The allocation was drawn by ballot. Congratulations to the lucky few and better luck next time to those who missed…
Since 2007, I have read with amusement many articles published, quoting statistical anomalies, and suggesting that the residential property market is starting to heat up. Normally that stuff is published by someone wanting to get some publicity. Well finally we…
It may have taken about six years for anything to happen in the Hawke’s Bay property market, but we are now starting to see real signs that not only are the number of sales rising, but property values are too….
The rating valuations are reviewed once every three years, and this year (as at 1 September) is Napier City’s turn. So what can we expect when the new values are published shortly? Overall: The market has been very steady on…
For many people the dream of owning their own home is a distant reality. Housing prices in New Zealand are for most, far too high, relative to their income. So how do we create a greater supply of affordable housing?…
The answer may surprise you! When a tenant chooses a commercial property, financially they are most concerned with the total cost of occupying the building (TOC). They don’t really care if that cost is mainly rent or other costs. When…
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