Local Market Updates and News

Ask any buyer or sellers agents who live and work in Dunedin or follow any of the abundance of real estate company/mortgage brokers blogs and webinars on the Dunedin property market and you will see a consistent commentary - "not enough stock", record prices, record rent levels, rental yields down, investors missing out on sales, the list goes on.

A Wellington based client knew a deal when he saw it. He put his trust in the iFindProperty team and as a result, secured a fantastic property that could have sold a dozen times over. 

Like most of the country, Whangarei is experiencing a low number of properties listed for sale and a high number of active purchasers. The stats I have seen do not give any hope that this is going to change in the short term.

In 2019 Chris Sim worked with Ricky and Alana on a property purchase that soon turned into an adventure and required faith in the process. Our clients stuck with it and have been very well rewarded. 

Nick, Peter and Suzanne hopped on a Webinar to discuss recent happenings with property and Covid-19 as the country prepares to exit level 4. We then dove into the Wellington market and look forward to see what life holds for the capital.

The recent escalation of COVID-19 is having a profound effect on the tourism industry in Rotorua as well as around the country. The increasingly imminent shutdown of most hospitality businesses in New Zealand means will be the loss of many hundreds of thousands of jobs in the short term.

I’m sure there will be two groups of investors out there; one will be excited the other terrified and worried.

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