NZ Housing Supply Rises in 2024 vs 2023
The latest data from The Real Estate Institute of New Zealand (REINZ) reveals a significant rise in housing supply across NZ, with listings increasing by 20.7% nationwide in 2024 compared to 2023. This trend is mirrored by a 19.8% jump in average inventory levels.
While sales activity increased in the second half of 2024, we are still yet to reach an equilibrium point in demand and supply, despite interest rates falling.
If you’re ready to discuss your options or want to explore how we can help you move forward in 2025, get in touch with the adviceHQ team today.
#adviceHQ #REINZ #mortgages #NZpropertyinvestor
Time to Tickle Your Thinker 🧠 —Try These Riddles! 🤯
I am a number that’s greater than four squared but less than five squared; I am odd, and the sum of my digits is 10—what am I?
Do you think you know the answer? Simply 'Like' this post if you know the answer and the big reveal will be posted in the comments at 2pm on the day!
Want to stop seeing these in your newsfeed?
Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.
Poll: Would a new supermarket help NZ?
Nicola Willis will this weekend announce decisions taken by Cabinet to incentivise and encourage a third supermarket player alongside FoodStuffs and Progressive (Woolworths).
Do you think having a third supermarket chain will bring competition and lower grocery prices, or will the existing giants still dominate?
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62.4% Yes, it will help
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35% No, I doubt it'll make a difference
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2.6% Depends - I'll share below
What's one highway or road that needs attention?
We've all been on a summer roadie and experienced first-hand the state of our roads.
If you've ever been stuck in a summer traffic jam, had near-misses on dangerous turns or feared for your life on clifftops (while the car behind you is tail-gating!) - you may have an opinion on this one.
Tell us what main road or highway you think needs some serious attention across the country, and why!
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