Category Archives: Monthly Market Update – Residential

July Housing Report

Median house price and sales volumes slip in Hamilton housing market  Lodge Real Estate’s managing director, Jeremy O’Rourke, said today that Hamilton’s housing market is atypical for this time of year.  July’s figures were released this week by the Real Estate Institute of New Zealand (REINZ) and show Hamilton’s median house price slipped from $354,000 [...]

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Opportunity Knocks

The latest release of data from Statistics New Zealand should keep residential property investors happy. Immigration is soaring, accelerating to a net-inflow of 4000 people during March. Hamilton typically experiences the effect of an immigration boom six to nine months after it is first reported: New migrants often settle in Auckland before moving to the [...]

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Hamilton Housing – Volume Down, Prices Up?

Lodge Real Estate’s managing director, Jeremy O’Rourke, said the Hamilton residential real estate market can be characterised by one word: paradoxical. “In the real estate market, a common adage is that ‘price follows volume.’  What this means is that, historically, as buyer activity tails off and the number of house sales fall, prices will steadily [...]

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