All Napier’s market indicators are trending positively. Sales turnover is now averaging over 100 sales per month, which is 10% above the 10 year average. The biggest improvement is the average days to sell which, at 25 days, is the first time it has fallen below a month since April 2005. Properly priced properties sell […]

Sales turnover hit a peak in July with 134 sales. Volumes have eased back during the subsequent months, however, the past quarter has been the strongest since 2007, up a massive 63% on the same quarter last year. This surge in activity appears to be driven by activity in the middle and lower end of […]

Tax can change the outcome of a financial benefit greatly. As the number of property transactions increase, be aware of the changing tax consequences of some property transactions from this month forward. Generally there is no capital gains tax on property sales in New Zealand. However, new rules affect properties purchased from 1st October 2015 and […]

The strong turnover of the prior month continued through August with 128 homes sold according to the latest REINZ data for Napier. Turnover during the past year is now 22% higher than the previous year, and over the past two months sales volumes are at levels last seen in April 2007. Activity in the top […]

The latest REINZ data for Napier shows that July was characterized by very strong sales of 134. This evens out the relatively modest sales of 83 in June. Turnover above 130 in Napier last occurred in February 2008 soon after the market peak, however the market influences now are a little different to then. The […]

Some people seem to have a natural attraction to that special situation called “a rock and a hard place”. Others are nimble market navigators who avoid difficult conditions. The later usually take the time to be informed, seek good advice from trustworthy sources and map a course for the best result. People who buy before […]

For many, home ownership is a dream – and a fabulous goal to have! The most important thing to consider before you buy is affordability. The good news is that because of the combination of low interest rates and relatively affordable property prices in our area, home affordability is currently at it’s best level in years. […]

Being a well informed home buyer is now easier than ever before. There is no doubt that buying (and selling) a home can be an intensely emotional process for some people. The solution to a successful property purchase is knowing where to find the answer for each challenge. The more information you have, the more logic […]

After a strong month in May house sales in Napier eased back to 83 in June, a level which is 9% below the 10 year average. During the past year the sales turnover has improved by over 3%. Since February 2015 the gap between the benchmark 10 year average monthly turnover has narrowed, which indicates […]

Being a well informed home buyer is now easier than ever before. There is no doubt that buying (and selling) a home can be an intensely emotional process for some people. The solution to a low stress successful property purchase is knowing where to find the answer for each challenge. The more information you have, […]

House sales in Napier grew to 110 during May to sit 20% higher than the prior month. Since February 2015 the gap between the benchmark 10 year average monthly turnover has narrowed, which indicates a recovery in demand, which has been sluggish over the past 18 months. This stronger growth could be attributed to the […]

The average number of Napier home sales during the past year is sitting at 82 sales, which is 15% below the 10 year average. During the past 3 months sales turnover has shown signs of recovering to levels approximating that 10 year average level. This recovery appears to have been led by an increasing number […]

The elevated Napier house sales volume seen in February continued in March 2015 with 104 sales. However, the average turnover over the past year is still 18% below the previous 12 months. A sustained improvement of over 95 sales per month will be necessary to suggest a turn in the market. This recovery appears to […]

A surge in sales bought welcome relief to January’s sales drought in the Napier real estate market!  We last saw sales at this level back in August 2013. With sales rising to 98 in February this exceeds the ten year average sales volume of 97 (which 20% higher than the current average). Overall sales during […]

The process of selling and buying real estate can be overwhelming and stressful especially when considering the amount of paperwork and preparation involved with these transactions. Currently, around 13% of the homes for sale in Hawkes Bay are listed privately. This has increased in recent times, and the main reason is a larger number of […]

The Napier real estate market ended 2014 looking to shake off the effects of the loan-to-value restrictions that have been in place since October 2013, and significantly affected turnover in Hawkes Bay and other provincial areas. Since October 2014 house sales recovered strongly across the country, except in Hawke’s Bay and Central Otago Lakes, where […]

On 22nd February 2011 a 6.3 magnitude earthquake in Canterbury killed 185 people, injured thousands and caused unbelievable property damaged. This event, considered an aftershock of the quake six months earlier, not only changed lives forever, it changed the face of house insurance in New Zealand. Since then, home owners have no longer been able […]

Affected by the holiday period, the volumes of sales in Napier slumped to 66 in January 2015. Taking into account seasonal factors the average monthly sales during the past year has been 76 – 15% below the previous year’s average of 94, and 19% below the 10 year average. Sluggish turnover appears to be the […]

First home buyers were among the big winners from National’s win in last year’s general election.  A series of changes to the KiwiSaver first home buyer packages come into effect from 1 April 2015. These changes are designed to help lower and middle income first home buyers attain their dream of owning a home. There […]

Last month Napier property owners received a revised Rating Value for their property. The Rating Value is an assessment of the freehold value of a property. It is one of the factors used by a council for calculating the rates that individual ratepayers will pay. In Napier rating valuations are reassessed every three years from […]