Articles posted in category: News

First home buyers fire up February home sales in Hamilton
Published on: 2019-03-14

First home buyers fire up February home sales in Hamilton

Lodge Real Estate Managing Director Jeremy O’Rourke says first home buyers are fuelling a fire at the lower end of the Hamilton housing market, sparking a surge in February sales. “First home buyers are extremely active in the city. Three-bedroom properties sitting around the $550,000 mark are often in a multi-offer situation. “There is a lot of stock on the market right now and first home buyers are keen to grab quality properties that set them in good stead as they start… Read more

Hamilton low-end renters, mum and pop investors likely losers on capital gains tax
Published on: 2019-02-22

Hamilton low-end renters, mum and pop investors likely losers on capital gains tax

David Kneebone, General Manager of Lodge City Rentals, says the Government’s proposed capital gains tax announced today could negatively affect two sectors of Hamilton’s community the most. “The first sector of Hamilton’s community who will likely feel the biggest negative effects from the imposition of a capital gains tax is renters. That’s because rental property owners – most of them being mum and pop investors - will have no other option than to pass along… Read more

January home sales slow in Hamilton – blame the baddies
Published on: 2019-02-14

January home sales slow in Hamilton – blame the baddies

The risk of money laundering and terrorism crime has prompted many changes around the world. But who would have thought that, in a roundabout way, it would affect house sales in Hamilton? Lodge Real Estate Managing Director, Jeremy O’Rourke, says that’s exactly what happened last month. “From January first, all New Zealand agents began complying with the AML - the Anti-Money Laundering and Countering Financing of Terrorism Act. “The additional paperwork now required… Read more

Hamilton house prices have found their mark
Published on: 2018-12-17

Hamilton house prices have found their mark

The Real Estate Institute of New Zealand released their monthly residential property data today, showing Hamilton’s median house price dipped 2.3% between October and November and now sits at $555,000. Lodge Real Estate Managing Director, Jeremy O’Rourke, says, “Hamilton house prices have normalised and found their mark. “And we believe Hamilton residents looking to buy or sell at the start of the new year can expect the market will remain steady well into 2019. Buyers… Read more

Hamilton Commercial Property Sector Booming
Published on: 2018-12-06

Hamilton Commercial Property Sector Booming

The commercial real estate market in Hamilton is experiencing strong growth boosted by infrastructure and population growth in the region, according to local commercial sales and leasing agents. Lodge Real Estate commercial sales and leasing agents Dean Abraham, Nigel Corkill, Michiel ten Houte de Lange and Vaughan Heslop sat down to discuss the trends in the market. Between them, the team has more than 40 years’ experience working in the local commercial property market sector. “Hamilton… Read more

Mixed-use urban apartment reflects changing residential landscape in Hamilton
Published on: 2018-10-23

Mixed-use urban apartment reflects changing residential landscape in Hamilton

In the centre of Hamilton’s central business district, a quiet revolution is happening. With the demand for residential housing high, smart buyers are moving from the suburban houses to inner-city urban apartment options. Parkhaven Luxury Apartments, at 220 Tristram Street, is leading the way in changing the residential landscape for the Waikato region. It is the first purpose-built, mixed-use complex of its kind in Hamilton – combining residential living and commercial space… Read more

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

« 1 2 3 4 5 »