Majid Akhavian

03/05/2024

Happy Friday, enjoy the weekend 🌹

18/08/2023

Have a nice weekend🌹

23/03/2021

First-home buyers are the big winners in a major housing sector shake-up that is tipped to reduce competition with deep-pocketed investors for sought-after properties.

But rental groups fear new measures targeting landlords will force rents higher for thousands of the nation's poorest families - putting home ownership even further out of reach.

A suite of changes announced yesterday by the Government are designed to tackle the country's runaway housing market.

Investors have been targeted with tax changes to help stem soaring house prices.

19/03/2021

18/03/2021

House prices, Prime Minister Jacinda Ardern said, cannot keep increasing at the rate they are.

It was November 12, 2020. In the 12 months ending October 2020, the country’s average property value went up by $55,834, according to CoreLogic data.

House price rises were unsustainable, the PM said. One graph shows the frenzy that followed.

08/03/2021

Auckland's largest real estate agency's sales volumes hit a 17-year record and more than half the places it sold last month were for $1 million or more.

Peter Thompson, Barfoot & Thompson managing director, said: "In February we sold 1124 properties and you have to go back 17 years to find a February when we sold more homes."

As well, 56 per cent of the homes sold in the month went for $1m or more, whereas last year, that category was only 40 per cent of monthly sales, he said.

Half of all the homes sold for $1 million or more.

01/03/2021

Wellington first-home buyers have been hit the hardest by the post-Covid property boom, new research shows.

OneRoof has calculated the extra thousands of dollars first home buyers must now save as a result of rising house prices, and found that deposit requirements grew by $28,000 to $153,000 for New Zealand in the last 12 months.

Deposit requirements in the capital have jumped $43,000.

15/02/2021

National and Auckland house prices and volumes dropped in the last two months, but don't read too much into that.

National median prices were down 2 per cent from December, falling from $745,000 to $730,000.

Don't read too much into the monthly data, which tends to be lumpy.

15/02/2021

Good to know!

New guidelines also out about what tenants can and can't do.

11/02/2021

To all of my Chinese clients and friends.

09/02/2021

The Reserve Bank has warned that the overheated housing market is at growing risk of a correction and it will re-introduce loan-to-value ratio (LVR) rules at the tougher end of expectations.

The rules mean most investors will be required to have a 30 per cent deposit from March but that will rise to 40 per cent from May.

Most other owner-occupier buyers will require a 20 per cent deposit.

LVR restrictions were removed in April 2020 to ensure they didn't interfere with Covid-19 policy responses aimed at promoting cash flow and confidence.

Tough new LVR rules will require most investors to have a 40 per cent deposit.

05/02/2021

House prices in the Wairoa District had the highest growth rate in New Zealand last year with the median house price rising 63.5 per cent - over $100,000.

It's been described by mayor Craig Little and an industry expert as "catching up" to the rest of the country, but there are also concerns for first home buyers and locals being priced out of the area.

The median house price in the Wairoa District rose 63.5 per cent and over $100K in 2020.