Where is the NZ property market is heading ?

How to ensure Business Success in 2010

Boom or Bust – everyone has an opinion

Property Prices - rebounding

Property prices – small declines

Principles of real estate

Access to accurate, timely and comprehensive data is

critical

Information is key – but property is not just an investment

Aug Sep Oct Nov Dec

Conditional offer 21 Sep

Unconditional offer 16 Oct

Settlement 13 NovListed 27 Aug

Protracted release of property data

The web has opened up a richer source of data on the dynamics of

the market for property

TurnoverTurnover ValueValue PacePace DemandDemand SupplySupply

Better informed decisions based on richer information

Sales PriceSales PriceProperty sales

Property sales

ValuationsValuations

Days on the market

Days on the market

InventoryWeeks of

sale

InventoryWeeks of

sale

New listingsNew listings

Website traffic

Website traffic

Lead generation

Lead generation

Asking priceAsking price

New monthly report

Property sales – still all time low

Putting sales into perspective

Supply – inventory building

Supply – true inventory more balanced

Demand – web traffic as a surrogate of consumer confidence

Demand – Consumer sentiment reflected in web traffic

Property Prices - no inflated expectations in asking price

Property Prices – Comparison to UK

Sales volumes steady growth back to long term volumes

Rising demand – stifled natural demand & migration / population growth

Constraining demand - continued tight credit criteria- rising interest rates

Restrictive supply - new builds / source of labour

Growing supply – market confidence encourages sellers

Median price : 1 year: 0% - 5% 2 years: 10%

A steady property market