Blog

  • Population Growth Predictions

    The new Statistics New Zealand amended population forecasts to 2043 are very interesting, especially within our region: Manawatu District +22.1% Palmerston North +20.6% Horowhenua +1.0% Whanganui -2.3% Rangitikei -6.9% Tararua -12.0% Ruapehu -27.9% Manawatu is now ahead of New Plymouth, Palmerston North, Nelson, Kapiti, Tasman, Marlborough, Upper Hutt, Porirua, Lower Hutt, Hastings, Napier, Taupo, Rotorua to name only a few. Kind RegardsMichael Ford ...

    Read More

    House Price Median Pauses

    The median residential house sale price for Feilding is $305,000 when calculated over 3 months, which is down slightly from the 2 previous months. January usually has the lowest number of sales in Feilding because of the holiday season. There were 29 sales in January 2017, which was very strong for a January. January 2016 had 19, and January 2015 ...

    Read More

    Manawatu Economic Confidence High

    Our economic confidence is higher than the average for New Zealand. In fact our wider region was 2nd only to Bay of Plenty in a recent Westpac McDermott Miller survey for the December Quarter of 2016. The top 5 are as follows: Bay of Plenty 50% Taranaki/Manawatu/Whanganui 44% Gisborne/Hawke's Bay 41.7% Waikato 41% Southland 40% The dairy recovery would be playing an important part in this ...

    Read More

    Better Investment Returns Here

    Residential property investors in Feilding can purchase a tidy house returning about $320 per week for about $235,000 - $240,000. This represents a return of around 7% gross before expenses. This compares to around 3.4% in Auckland, 4.6% in Wellington and Christchurch and 5.1% in Dunedin. In most parts of the country returns have dropped a bit as house values have increased ...

    Read More

    Home Affordability

    The Massey Affordability Index takes into account house prices, wage levels and the cost of borrowing. The Manawatu/Whanganui saw a 6% decline in affordability for the December Quarter, but only a 2.5% decline for the year. As a percentage of the New Zealand average level of affordability, Manawatu/Whanganui is very affordable at 56%, with only Southland more affordable at 48%. Auckland ...

    Read More

    Strength Continues

    The REINZ median residential house sale price for Feilding in December 2016 was $312,000 when calculated over 3 months. It was $264,000 in December 2015, so has risen 18%. Volume remained strong with 37 sales. December median house prices calculated over 3 months were: Feilding $312,000 Palmerston North $339,500 New Zealand $515,750 Eastern Suburbs Ak $1,651,000 Levin $234,000 Rangitikei $173,250 Pahiatua $162,000 Whanganui $175,000  Kind regards,Michael Ford  ...

    Read More

    Success Over 25 Years In Feilding

    I have compared the median residential sale price around our region, calculated over 3 months, and Feilding comes out on top, by a large margin, thanks to concerted efforts to improve Feilding over the last 25 years by Feilding Promotion, Council and other community groups. In 1992 there was very little difference between Feilding, Levin and Wanganui, with Rangitikei and Pahiatua ...

    Read More

    2017 - My Crystal Ball

    Happy New Year Readers Predictions are not easy - who predicted Brexit, a Trump victory or even a change of Prime Minister? We are affected by what happens overseas. I am optimistic regarding 2017 in terms of our local Manawatu and Rangitikei residential, lifestyle and commercial real estate markets. The earthquake prone building issue is however affecting many of our older commercial ...

    Read More

    2017 Looks Good

    I wish all readers a very Merry Christmas, a good break hopefully, and a very Happy New Year. The local residential real estate market is strong, with increased values. The population is growing, and Manawatu District is leading the region in growth. Unemployment is below the regional and national averages. Residential building consents have increased dramatically. The dairy pay out forecast has substantially increased. There is ...

    Read More

    Over the $300,000 barrier!!!

    The REINZ median residential house sale price for Feilding is $308,500 when calculated over 3 months, and $318,250 for the month of November alone. This is the 4th individual month out of 5 at or over $300,000, which is consistent enough to say that we have broken that barrier. Compare this to a median of around $260,000 in the middle ...

    Read More

  • Full list of blogs

    Latest Blogs

    Feilding Real Estate Market Snapshot - April 2020 Palmerston North Real Estate Market Snapshot - April 2020 Palmerston North Median Rental Prices: November 2019 - April 2020 Covid-19 Level 2 Feilding Real Estate Market Snapshot - March 2020 Palmerston North Real Estate Market Snapshot - March 2020 Palmerston North Median Rental Prices: October 2019 - March 2020 Real Estate Market During Lockdown FREQUENTLY ASKED COVID-19 Questions (NZPIF) COvid 19 Level 4 Updates Handy resources for you to help with Covid-19 Covid 19 Level 2 Updates Feilding Real Estate Market Snapshot - February 2020 Palmerston North Real Estate Market Snapshot - February 2020 Palmerston North Median Rental Prices: September 2019 - February 2020 Kens' 37th year in Real Estate Watson Real Estate expands to Whanganui market Will Jeff Bezos (Amazon) solve the NZ housing crisis? Here's the plan! Market is still hot coming into 2020 Feilding Real Estate Market Snapshot - January 2020

    Authors

    Main
    Bob Weaver Greg Watson Ken Watson Watson Real Estate