Auction Interest Strong

Published on: 2015-05-14
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Lodge Real Estate’s managing director, Jeremy O’Rourke, said today the few numbers of home sellers going to auction is surprising and vendors are not taking advantage of strong buyer demand and low housing stocks. “Only 25% of all homes being sold in Hamilton during the month of April were being offered by way of an auction. This is compared to around 50% of homes in Auckland being offered through auctions. “Current market conditions certainly favour the vendor, with… Read more

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Lodge Real Estate’s managing director, Jeremy O’Rourke, said today the drop in Hamilton’s median sales price for the third month in a row reflects strong activity at the lower end of the property market. Hamilton’s median dipped to $350,000 for the month of March, compared to $352,000 in February. Hamilton’s median in March 2014 was $375,000. “As we’ve been saying for quite a few months now, first home buyers and investors are back in the Hamilton housing… Read more

February Market Summary

Published on: 2015-03-31
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Managing Director Jeremy O'Rourke gives a quick video review of the Hamilton residential real estate market performance during February. For more information check out our Market Report Section Read more

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First home buyers regularly seek advice of parents or grandparents to help guide them through house hunting to their milestone purchase. The advice is often well-received, and followed. With good reason: today, the elder generation is likely to have more than a passing interest in the purchase – with intergenerational financial contributions complementing the deposit and/or bank. But frustrations can develop when there’s an exchange of views between grandparents/parents and their… Read more

Hamilton House Sales Surge

Published on: 2015-03-14
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Lodge Real Estate’s managing director, Jeremy O’Rourke, said today the number of homes listed on the Hamilton market during February was the highest in twelve months. “Hamilton saw 322 new residential properties come on the market during February. That’s 62% more than February 2014. “But the listings are not fulfilling buyer demand. At the same time, total Hamilton housing stock dipped 3% between January and February. And total stocks are down 16% as compared to… Read more

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Lodge Real Estate’s managing director, Jeremy O’Rourke, said today that January house sales were extremely strong and a great indicator of a buoyant year ahead for Hamilton’s residential market. 185 homes were sold on the Hamilton market in January, compared to 149 one year ago in January 2014. “January is traditionally a slow month for house sales in the Hamilton market. However, January 2015 was extremely busy. In fact, if you look at the number of homes sold on the… Read more

Hamilton commercial real estate outlook

Published on: 2015-01-20
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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
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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

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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
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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

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