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High house prices boost agent commissions by $1b

On an average sale value of $898,466 in the year to June, sellers would typically have paid anything from $27,000 to $35,000 for one of the big agencies. Consumer NZ spokeswoman Jessica Wilson said her organisation would encourage people to “shop around” and play salespeople off against each other to get a better deal. “We’re not seeing any significant difference in service from real estate agents but their commission has increased just because the housing market has been so hot.” She said Consumer NZ inquiries had shown that New Zealanders paid more in commission than people in Australia or the United States.

Business Scoop » Winter Chills Check Momentum

Press Release – REINZ Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 258 fewer lifestyle property sales (-10.3%) for the three months ended June 2021 than for the three months ended May 2021. Overall, there were 2,241 lifestyle … Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 258 fewer lifestyle property sales (-10.3%) for the three months ended June 2021 than for the three months ended May 2021. Overall, there were 2,241 lifestyle property sales in the three months ended June 2021, compared to 1,223 lifestyle property sales for the three months ended June 2020 (+83.2%), and 2,499 lifestyle property sales for the three months ended May 2021.

A Bright June – July Looking Gloomy

Wednesday, 21 July 2021, 2:13 pm Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 137 more farm sales (+53.7%) for the three months ended June 2021 than for the three months ended June 2020. Overall, there were 392 farm sales in the three months ended June 2021, compared to 450 farm sales for the three months ended May 2021 (-12.9%), and 255 farm sales for the three months ended June 2020. 1,748 farms were sold in the year to June 2021, 51.5% more than were sold in the year to June 2020, with 148.1% more Dairy farms, 47.6% more Dairy Support, 40.1% more Grazing farms, 67.5% more Finishing farms and 30.5% less Arable farms sold over the same period.

Business Scoop » A Bright June – July Looking Gloomy

Press Release – REINZ Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 137 more farm sales (+53.7%) for the three months ended June 2021 than for the three months ended June 2020. Overall, there were 392 farm sales in the three months … Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 137 more farm sales (+53.7%) for the three months ended June 2021 than for the three months ended June 2020. Overall, there were 392 farm sales in the three months ended June 2021, compared to 450 farm sales for the three months ended May 2021 (-12.9%), and 255 farm sales for the three months ended June 2020.

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