Articles posted in category: News

Anti-Money Laundering; From January 1 2019 we will be asking clients for more information
Published on: 2018-10-17

Anti-Money Laundering; From January 1 2019 we will be asking clients for more information

New Zealand is currently regarded as one of the safest and least corrupt countries in the world. To maintain New Zealand’s position the government introduced the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML for short). This will also help other countries transact with NZ firms confidently, knowing that money sent into or out of NZ is not tainted by the proceeds of crime. Banks have been complying with the AML legislation since 2013, lawyers since June 2018 and… Read more

Gap between lower and upper end of housing market widens in Hamilton
Published on: 2018-09-24

Gap between lower and upper end of housing market widens in Hamilton

Can you still find homes under $200,000 in Hamilton city? The answer is, “Yes, but they are few and far between.” Five homes in the last six months have sold for under $200,000. Homes selling with a $1 in front of them, however, are much more common at the top end of the market. 14 million dollar homes were sold in Hamilton during August, bringing the total to 77 for the year. Lodge Real Estate’s managing director Jeremy O’Rourke says, “We are starting to see… Read more

Hamilton’s median house price dips 6.25%, lifestyle properties on the rise
Published on: 2018-08-16

Hamilton’s median house price dips 6.25%, lifestyle properties on the rise

The Real Estate Institute of NZ released its monthly residential property statistics this morning showing Hamilton’s median house price has dipped from a 2018 high of $560,000 in June to $525,000 in July. Lodge Real Estate managing director Jeremy O’Rourke, says the shortage of quality stock at the top end of the market, and thus fewer sales at the top end, has shifted the city’s median. “We’ve been saying for months that the Hamilton market is experiencing an… Read more

Sellers in the driver’s seat in Hamilton residential real estate market
Published on: 2018-07-18

Sellers in the driver’s seat in Hamilton residential real estate market

A serious shortage of homes listed for sale in Hamilton has put sellers firmly in the driver’s seat, says Lodge Real Estate agent Glenn Collins. “The number of homes listed for sale in the city today is just 685. This is around the same number as July last year. However, what is different is within that number there are a lot more pre-sold properties and properties under contract. That means the true number of homes available for sale is much lower. “This creates a striking… Read more

Hamilton median house price predicted to break $600,000 barrier by year-end
Published on: 2018-06-25

Hamilton median house price predicted to break $600,000 barrier by year-end

Hamilton’s median house price achieved another strong median during May at $542,000. This is down from a record median of $560,000 for the month of April and compares to $520,000 in May 2017. Lodge Real Estate’s managing director Jeremy O’Rourke says the dramatic decrease in the number of homes listed for sale in the city is keeping upward pressure on house prices in the city. “Three hundred and six (306) homes were sold in Hamilton during May, however that stock was… Read more

Hamilton's Strategic Infrastructure
Published on: 2018-06-08

Hamilton's Strategic Infrastructure

The Council is investing in a growing Hamilton, check out what's happening or being proposed around the city. Read more

Intense competition and confidence drive Hamilton’s record median house price
Published on: 2018-05-14

Intense competition and confidence drive Hamilton’s record median house price

Hamilton’s median house price achieved a record during April 2018 at $562,000, according to Real Estate Institute of NZ statistics released on 11 May. This is up from a $535,000 median in March 2018. Lodge Real Estate’s managing director Jeremy O’Rourke says strong competition from buyers, coupled with high confidence at the upper level of the market are key factors behind the surge. “Only 229 homes were sold in Hamilton during April as compared to 349 in March. However,… Read more

Hamilton’s residential housing market is shifting in favour of sellers
Published on: 2018-04-19

Hamilton’s residential housing market is shifting in favour of sellers

Lodge Real Estate’s managing director Jeremy O’Rourke says Real Estate Institute of NZ statistics released on 17 April show Hamilton’s residential housing market is shifting in favour of sellers. “March was a very strong month for home sales in Hamilton and buyer demand continues to rise. There were 344 homes sold in Hamilton during March and that compares to just 291 in February and 336 in March 2017. “However, home listings have not kept up with those sales.… Read more

Million dollar home sales reach record numbers in Hamilton city
Published on: 2018-03-14

Million dollar home sales reach record numbers in Hamilton city

Lodge Real Estate’s managing director Jeremy O’Rourke says the number of million dollar homes sold in Hamilton city increased six-fold within the past five years, reaching an all-time high number sold in the city during 2017. He predicts 2018 will be another record-breaker. “In 2013, there were 11 million dollar homes sold within Hamilton city, representing .4% of all home sales. During 2017, that number rose to 76 which was 2.5% of all sales,” says O’Rourke. “At… Read more

Strong start to the year for Hamilton residential property market
Published on: 2018-03-02

Strong start to the year for Hamilton residential property market

Lodge Real Estate’s managing director Jeremy O’Rourke says Hamilton’s residential property market experienced one of the strongest Januaries in recent years. The Real Estate Institute of NZ released its residential property data this morning [note: 15 February] showing there were 156 homes sold in Hamilton during the month. This compares to 141 sold during January 2017, 201 during January 2016 and 185 during January 2015. “With the exception of 2016, this January has… Read more

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