Articles posted in category: News

Developers fuelling growth in Hamilton residential sector
Published on: 2019-09-16

Developers fuelling growth in Hamilton residential sector

Lodge Real Estate Managing Director Jeremy O’Rourke says, heightened sales of development property around Hamilton is one factor fuelling residential growth in the city. “Two big properties in Rototuna have recently sold to residential developers, one property for around $9 million and the other for around $6 million. This will serve to continue the rapid trend of Hamilton spreading north. “However, many developers are having to extend their construction horizons as they await… Read more

Drop in OCR could prompt homeowners to trade up
Published on: 2019-08-16

Drop in OCR could prompt homeowners to trade up

Lodge Real Estate Managing Director Jeremy O’Rourke says, the Reserve Bank’s move on 9 August to drop the official cash rate (OCR) could prompt homeowners to trade up to a new home and buyers currently in the market to lift their price thresholds. “The half a percentage point drop in OCR is quite significant for people who are carrying a mortgage. Suddenly, you can carry a slightly bigger mortgage for the same interest cost. “For instance, if you are carrying a $200,000… Read more

Competition in real estate auction rooms in Hamilton heats up
Published on: 2019-07-16

Competition in real estate auction rooms in Hamilton heats up

Lodge Real Estate Managing Director Jeremy O’Rourke says after a brief hiatus in activity for real estate auction rooms in Hamilton, competition is heating up again. “During the first half of the year, investors had pulled back from the residential housing market in Hamilton. And the city’s auction rooms certainly felt this effect. “With fewer buyers in auction rooms, fewer vendors were taking their homes to auction. But over the past month or so we’ve seen those… Read more

Ground broken on Habitat project in Ngāruawāhia
Published on: 2019-07-02

Ground broken on Habitat project in Ngāruawāhia

Habitat for Humanity Central North Island has broken ground on the ‘Hands on for Habitat’ project in Ngāruawāhia, which aims to raise funds for Habitat’s home repair programme. The project involves the build of a new high-quality home in the River Terraces development in Ngāruawāhia, to be auctioned off once complete. Major sponsors of the project include Anthem Homes, Mitre 10 Mega Hamilton and Lodge Real Estate, alongside many other local sponsors. These sponsors’… Read more

Drop in residential listings in Hamilton signals seller's market ahead
Published on: 2019-06-14

Drop in residential listings in Hamilton signals seller's market ahead

Lodge Real Estate Managing Director Jeremy O’Rourke says, “The number of homes listed for sale in Hamilton dropped between 1 May and 1 June, as compared to listing activity in recent months. “The lack of new stock coming onto the market is starting to have an effect. There’s a competitiveness among home buyers at a level of which we haven’t yet seen this year. “Agents in the city are seeing a greater number of multiple offers on quality properties. “Home… Read more

Hamilton’s knowledge sector strengthens housing market
Published on: 2019-05-16

Hamilton’s knowledge sector strengthens housing market

Lodge Real Estate Managing Director Jeremy O’Rourke sums up Hamilton’s strong housing market with one statement, “Hamilton just keeps on going.” He says, “In January Hamilton experienced a record median house price and March wasn’t far behind. Historically April sales normally pull back a bit, but not this April. Sales are still very strong and prices are buoyant. “Now, with the lower OCR and bank interest rates following suit, we are seeing increased… Read more

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

« 1 2 3 4 5 »