WARMER WEATHER HEATS UP HOUSING MARKET
The Trade Me Property Price Index shows the national average for October rising by 2.7% to $623,700 from September.
It's been lean pickings for buyers over the last five months, with little housing stock available nationwide, but October saw the market perk up with 30% more listings on the site than in September.
Trade Me Property head Nigel Jeffries says that this time of year is usually buoyant, but it's taken longer than usual for the market to kick into action.
“Usually by this time of year we expect to see the property market in full swing, but with the election in play it’s pushed everything back. We’re starting to see some of the movement we’d normally expect in this peak buying and selling season," he says.
Auckland property listings on Trade Me buck the downward trend revealed by the latest QV figures, rising by 2.2% from last year to $925,300.
“If we compare this with October 2010, we can see the massive changes in the Auckland property market over the past seven years. Since 2010, the number of houses for sale has dropped 58 per cent which has forced the average asking price up 88 per cent from a relatively tiny $487,250."
This trend is mirrored in the capital, with average asking prices surging 11.7% from last year.
“While Auckland has stalled in recent months, the capital’s property market has been surging ahead. It’s very common to see the bubble from a large property market spread - first it was the halo regions of Northland, Waikato and the Bay of Plenty and now Wellington looks to be the next cab off the rank. We’ve seen consistently strong growth and the market isn’t showing any signs of slowing."
The provinces also performed well in October, with record average prices in Hawke's Bay ($487,300), Manawatu ($309,700) and Waikato ($534,900). Marlborough in the South Island also broke its previous record, with an average asking price of $464,650.
Source: landlords.co.nz
Poll: 🤖 What skills do you think give a CV the ultimate edge in a robot-filled workplace?
The Reserve Bank has shared some pretty blunt advice: there’s no such thing as a “safe” job anymore 🛟😑
Robots are stepping into repetitive roles in factories, plants and warehouses. AI is taking care of the admin tasks that once filled many mid-level office jobs.
We want to know: As the world evolves, what skills do you think give a CV the ultimate edge in a robot-filled workplace?
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53% Human-centred experience and communication
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14.7% Critical thinking
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29.6% Resilience and adaptability
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2.7% Other - I will share below!
🧩😏 Riddle me this, Neighbours…
I am an odd number. Take away a letter and I become even. What number am I?
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Some Choice News!
DOC is rolling out a new tool to help figure out what to tackle first when it comes to protecting our threatened species and the things putting them at risk.
Why does this matter? As Nikki Macdonald from The Post points out, we’re a country with around 4,400 threatened species. With limited time and funding, conservation has always meant making tough calls about what gets attention first.
For the first time, DOC has put real numbers around what it would take to do everything needed to properly safeguard our unique natural environment. The new BioInvest tool shows the scale of the challenge: 310,177 actions across 28,007 sites.
Now that we can see the full picture, it brings the big question into focus: how much do we, as Kiwis, truly value protecting nature — and what are we prepared to invest to make it happen?
We hope this brings a smile!
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