Hamilton commercial real estate outlook

Published on: 2015-01-20
News header image

Commercially economic predictions for the Hamilton market remain moderately optimisticfor 2015 and beyond. The Hamilton economy grew 3.4% to the end of June 2014 surpassing growth in both the Waikato (3.1%) and in New Zealand (3%). As a result, the Hamilton commercial property investment market remainsbuoyant as strongdemand for good quality buildings with quality tenanciesoutstripssupply.Consequently, yields are being driven to historic lows as competition drives prices higher. Whilst seismicissues… Read more

Hamilton real estate predictions 2015

Published on: 2015-01-20
News header image

We looked into our crystal ball and came up with these predictions for the Hamilton housing marketing during 2015. Look for city wide values to increase powered by immigration which is a primary driver of housing demand. Typically Hamilton is a laggard market for immigration. New migrants often settle first in Auckland before making their way south. Given that migration is at record levels we would anticipate that the Hamilton residential market will feel the effects during 2015. Salespeople are… Read more

News header image

There continues to be no shortage of money available for investments and this is most graphically illustrated in the multi-unit investment market and the commercial investment sector. Yields continue to be driven to new historical lows as investors compete for investments to beat historically low bank rates. Residential investors have been slower to identify the opportunity within Hamilton. Median rents at the 2013 census were higher than median rents across the rest of New Zealand. However, the… Read more

Hamilton housing 2014 in Review

Published on: 2015-01-20
News header image

Reserve bank imposed loan to value ratio restrictions dampened the recovery the market should have experienced during 2014. The number of houses sold per month fell from an average of 245 sales during 2013 to 222 sales per month during 2014. Elections compounded the issues and slowed sales even further during the winter months. However, both events merely delayed the entry of buyers into the market and placed further pressure on rents and the city’s rental accommodation. The danger, as with… Read more

Better Selection Powers Sales

Published on: 2014-12-11
News header image

Lodge Real Estate’s managing director, Jeremy O’Rourke, said today that Hamilton’s residential housing market has experienced five months of steady growth. He says this is the city’s strongest growth trend since early 2009. “For the fifth month in a row the Hamilton residential market has seen growth in both the number of homes sold and the number of listings coming on to the market. There’s very strong demand for Hamilton homes, including more confidence coming… Read more

News header image

Lodge Real Estate’s managing director, Jeremy O’Rourke, said today that Hamilton home buyers are showing more urgency than previous months. He also said the improving market can lead to some vendors listing homes at unrealistic prices. “October figures released today show the Hamilton residential property market is on an upswing. The median days to sell is falling, more properties were listed in October than past months, and buyers are snapping up quality houses. “What… Read more

Hamilton Rental Review

Published on: 2014-11-18
News header image

General Manager of Lodge Rentals, David Kneebone, is concerned the city may not have enough properties to rent during the busy February period. Generally October and November experiences an annual student exodus from rental accommodation (and the university year ends.) However, more properties than expected have been secured already for 2015 by returning students. This has raised fears that there may be a lack of good-quality, available accommodation next year. “That's perhaps… Read more

News header image

Census 2013 data is uncovering all sorts of interesting facts as Hamilton matures into a leading metropolitan centre.Three key stats should be of particular interest to property investors. 1) The median age of the city’s population: At 32.2 years old, the population's age is significantly younger than other metropolitan markets, and well below the 38 years of the rest of the country. 2) The percentage of people who own their own property: This now sits at 57.2, compared with the rest… Read more

News header image

Lodge Real Estate has purchased a stake in Cambridge Real Estate, partnering with well-known rural salesperson David Soar and existing shareholder Sherry Herkes. Lodge Real Estate’s managing director, Jeremy O’Rourke, says the change in ownership will not result in any significant change to day-to-day activities at Cambridge Real Estate. “Cambridge Real Estate has a great reputation among locals, and there's a strong performance culture there which doesn't need any… Read more

Hamilton Residential Reflection

Published on: 2014-11-17
News header image

As predicted, the beginning of summer is coninciding with a lift in activity across the market. The increased number of properties that entered the market during spring has immediately created better choice and has ignited renewed buyer interest. The trading banks are also reporting a 'freeing-up' of credit for first home buyers, which acts as a further catalyst among buyers, who are being encouraged back into the market. On the back of this, salespeople are experiencing increased urgency… Read more

« 1 2 3 4 5 »