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REDnews.
Welcome to REDnews, Westpac New Zealand's source for insights, opinions and helpful stories on topics such as property, business, personal finance and community initiatives.
Displaying articles for "Property"
OPINION: History shows house price recovery likely to take time
House prices are recovering but how long will they take to reach the heights seen in 2021?
OPINION: Look to sales numbers for housing market recovery
The latest heavyweight to forecast that the housing market has probably reached the bottom of the current price cycle is the Reserve Bank.
OPINION: From home to asset - Strategies for success in the Spring housing market
For many New Zealanders, the family home is more than just a short-term asset; it represents a long-term investment, a place to put down roots, maybe start a family, and…
How much does it cost to build a granny flat?
Building a secondary dwelling or ‘granny flat’ can be a surprisingly versatile way to maximise the use of your land.
OPINION: Why a recession could be a good thing for the housing market
With the news that New Zealand has slipped into recession, after the second consecutive quarter of negative growth, we have to consider: is this just a technical recession or should…
House prices "slow return to growth" - Economist
Latest real estate figures show New Zealand house prices have bottomed out and are beginning a slow return to growth, Westpac economists say.
Buying and selling houses privately: What you need to know
Most house sales involve a real estate agent, but it is possible to buy or sell privately - if you’re prepared to do the work that the agent would usually…
OPINION: Housing economic forecasts are forecasts - not guarantees
The one thing the public is not shortchanged on is forecasts as to where residential house prices are heading.
Updated: The ins and outs of buying a prebuilt home
REDnews has put together a guide to answer the common misconceptions surrounding prefabs.
Updated: How much does a swimming pool really cost?
New Zealand has around 40,000 swimming pools on residential properties, according to data and building consent information, but how much does a pool really cost?
OPINION: Let’s put house price declines in perspective
When it comes to evaluating just what is happening to house prices, a case can be made for being cautious about accepting current headlines claiming prices are in freefall, that…
Opinion: Will The Human Factor Trip Up Reserve Bank’s Housing Forecast?
The Reserve Bank’s most recent Economic Statement in relation to future house prices sees them continuing to decline through to 2024 and finally settling at 19% below the level of…