Rental Accommodation
As we approach winter the housing rental accommodation situation has eased a little with available rental properties in the private sector increasing by 200 properties in Christchurch City from the tight supply situation in March 2012.
Ever since September 2010 there has been an ebb and flow to the supply and demand for rental accommodation.
One [...]
The recent debate on Residential Rental Property availability in Christchurch has highlighted the utilisation of the existing housing stock.
Housing New Zealand and Christchurch City Council have between them approximately 1000 properties vacant, many only requiring minor repairs to make them habitable. The media have regularly highlighted often sensationally the plight of individual’s problems in obtaining [...]
There has been a lot of publicity this week about the shortage of rental stock in Christchurch. If you missed the headlines check out the articles below
http://www.stuff.co.nz/business/rebuilding-christchurch/6608376/Accidental-landlords-push-prices-up
http://tvnz.co.nz/national-news/christchurch-rental-crisis-best-left-market-govt-4785067
Why invest in Christchurch?
For those who question why should I invest in residential property in Christchurch in the light of continuing aftershocks and increasing cost of ownership.
Christchurch is now the site of the largest civil engineering project ever to be undertaken in the history of New Zealand by a factor of between 10 and 20 [...]
Canterbury Earthquake Recovery Authority (CERA) is asking property and business owners plus other users of the Central City how they want to rebuild the City Centre.
The future of the Central City both in terms of rebuild timeframe and its ultimate significance as Hub of the City will be determined by organisations and people’s confidence.
A confidence [...]
The seismic events over the festive season gave a reminder to Christchurch residents of the effects of ongoing aftershocks. Although the physical damage was limited and mainly minor, the physiclogical effect is having an impact, especially those seeking a quiet chill out time at home over the break.
As we have seen following prior events life [...]
McPherson Property Management where pleased with the initial response to leasing and re letting of student properties for the 2012 year. Over 90% of these properties were let in a relatively quick period against University of Canterbury projected student roll declines of over 1500. The inquiry for the remaining student properties is now slow when [...]
The third quarter of 2011 has seen a recovery in sales volumes in the Canterbury region, more particularly in the least quake affected areas of Christchurch City, with a 35% increase in sales numbers for August and September 2011 over July 2011.
The strong buyer enquiry from owners of Red Zone Residential properties was the main [...]
Residential Sales
Activity in the least affected areas is continuing to be strong and it is pleasing to note that an increasing number of properties are coming to the market. This increased number of properties available for sale is welcomed by potential buyers after the extremely low level of choice in the period from late July [...]
Property Market Comment
The Christchurch housing market sales volumes continue to recover to pre-earthquake numbers.
August 2011 recorded 410 residential sales compared with 310 in July 2011.
The activity in the market place is primarily for first home buyers and property owners in the Red Zone.
A shortage of family homes in the least affected areas is creating strong [...]
Subscribe to feed
 |