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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
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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

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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

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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
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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

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

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