Multi Unit Investments find favour

Published on: 2014-09-26
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The market for multi-unit dwellings remains strong, buoyed by tight supply and continued investment demand. Investors continue to favour the sector for its strong returns, and simple and solid construction materials. At a recent auction for a block of flats in central Hamilton the property was keenly pursued by 6 bidders and after strong bidding the property sold under the Auction hammer. What was interesting was the volume of buyers domiciled outside of Hamilton. The buyers lived in locations… Read more

Lifestyle Real Estate Focus

Published on: 2014-09-25
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A shortage of properties to sell has stifled sales across the lifestyle market. Sales for the six months ending June 2014 fell below 200 properties sold. However the median price kept driving up, moving from $518,000 for the December 2013 six months to $535,000 for the six months ending June 2014. The shortage of properties for sale was the primary catalyst for the rise as more and more buyers chased fewer properties for sale. Read more

Hamilton Commercial Real Estate Update

Published on: 2014-09-24
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With the elections behind us, focus now returns to the business at hand. Economic predictions remain moderately optimistic for the remainder of 2014 and beyond. The Hamilton economy grew 3% to the end of March 2014 surpassing growth in both the Waikato (1.8%) and in New Zealand (2.5%). The Hamilton commercial property investment market remains buoyant as strong demand for good quality buildings with quality tenancies outstrips supply. Consequently, yields are being driven to historic lows as competition… Read more

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Lodge Real Estate’s managing director, Jeremy O’Rourke, said today that a significant increase in the number of first home buyers entering the Hamilton residential housing market is the primary factor contributing to the median dropping to $346,500 in August from $350,000 in July. “The slight dip in Hamilton’s median house price this month is not a signal that values are slipping. It’s simply that the median has shifted because there were more buyers at the lower… Read more

July Housing Report

Published on: 2014-08-15
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Median house price and sales volumes slip in Hamilton housing market Lodge Real Estate’s managing director, Jeremy O’Rourke, said today that Hamilton’s housing market is atypical for this time of year. July’s figures were released this week by the Real Estate Institute of New Zealand (REINZ) and show Hamilton’s median house price slipped from $354,000 in June to $350,000. Only 201 homes were sold city-wide, down from 212 in June and 252 in May. New homes listed… Read more

Free wifi at 9 Hamilton branches

Published on: 2014-07-31
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Ever been expecting an email or wanting to check Facebook outside your local Lodge Real Estate branch? We have some good news for you – we’ve rolled out free WiFi across our 9 branch network. So if you’re visiting Lodge to sign a commercial sale, start the search for your next rental home, purchase a lifestyle block or a place to call home you can jump onto the WiFi to check emails, catch up on headlines, use your favourite apps or even entertain the kids for a few minutes. This service will… Read more

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The Reserve Bank today increased the Official Cash Rate (OCR) by 25 basis points to 3.5 percent. New Zealand’s economy is expected to grow at an annual pace of 3.7 percent over 2014. Global financial conditions remain very accommodative and are reflected in low interest rates, narrow risk spreads, and low financial market volatility. Economic growth among New Zealand’s trading partners has eased slightly in the first half of 2014, but this appears to be due to temporary factors. Construction,… Read more

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Leading Hamilton real estate company, Lodge Real Estate, has expanded its business portfolio with the launch of a body corporate management service. The newly established service will be led by body corporate expert Rob Owens who joined Lodge Real Estate this week. With more than 15 years’ experience in the body corporate field in both New Zealand and the United Kingdom, Rob is well placed to lead Lodge Real Estate in its new property specialty. “Body corporate management services essentially… Read more

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There is currently a great deal of discussion about ‘building warrant of fitness’ for rental properties. Unsurprisingly, one of the common criteria on checklists has been the installation of smoke alarms: There is no question smoke alarms are a key warning device in reducing deaths or injury caused by fires at home. According to the NZ Fire Service, smoke alarms were either not installed, or not working, in 80% of the house fires that firefighters attended last year! The greater awareness… Read more

RBNZ raises OCR to 3.25 percent

Published on: 2014-06-12
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The Reserve Bank today increased the Official Cash Rate (OCR) by 25 basis points to 3.25 percent. New Zealand’s economic expansion has considerable momentum, with GDP estimated to have grown by around 4 percent in the year to June. Global financial conditions remain very accommodative and are reflected in low long-term interest rates and narrow risk spreads. Economic growth among New Zealand’s trading partners is gradually improving and global inflation remains low. Prices for New Zealand’s… Read more

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