Jason Hay MBA

The Real Estate Institute of New Zealand (REINZ) stats are out for March! The property market witnessed a notable surge in listings, elevating buyer confidence and prompting a deliberate approach to decision-making among some buyers. 🏡 📈 Read the full report here — bit.ly/3vTf3Va

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💡 Market Insights: CoreLogic Economist Kaytlin Ezzy says demand is now tilting towards unit and apartment living due to affordability concerns, particularly in capital cities. The prolonged high-interest rate environment has seen buyer demand continue to skew towards more affordable housing alternatives, with most capitals now recording stronger growth in the more affordable unit sector "House values surged nearly 40 per cent since March 2020, while unit values rose 17.9 per cent, indicating the widening gap between house and unit values," Ezzy says. Read more below. ------------ 📣 Was this update of interest to you?🔥 Join 16,000+ of your residential property development colleagues who follow Urban on LinkedIn. We regularly post free insights about: 💡  New project launches and updates 💡  What buyers are searching for on AU’s largest off-the-plan buyer platform 💡  Weekly interviews with industry leaders Follow Urban.com.au or connect with our CEO Mike Bird to keep your finger on the pulse of the apartment and townhouse market.

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From the states most favoured by property investors and buyers, to the biggest concerns impacting buyers and sellers alike, Australian Property Investor Magazine’s Property Sentiment Report Q2 2024 reveals its diverse readership’s thoughts and predictions around the nation’s real estate market. You can download the report here: https://lnkd.in/g9utQbUn

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APJ'S daily wrap up of #commercialproperty #investmentsales , as well as leasing transactions across Australia. #RetailLeasing #IndustrialLeasing #OfficeLeasing #CRE #commercialrealestate

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Interesting article on vacancy rates for commercial offices spaces in the CBDs in 2024. I keep reading and hearing from agents that office space below A grade quality is hard to sell or lease. The question becomes what is the highest and best use - refurbish to A grade office, convert to residential usage, a mix of residential/office usage? Any thoughts? As always please be respectful, inclusive and polite to others. This is for the purpose of encouraging discussion and I am not advocating a particular position. https://lnkd.in/gWieHVGP

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June Dwelling Approvals Drop Amid High Demand Despite this decline, housing demand remains strong, driven by strong population growth and a tight rental market. This mismatch between supply and demand continues to put upward pressure on property prices, highlighting the ongoing challenges in balancing the housing market. #realestate #propertyinvestment #housingmarketaustralia

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New Zealand commercial real estate lease lengths increase, led by the office sector. 🏢 2024 marks a year of cautious optimism for NZ commercial real estate. The latest NZ State of CRE Leasing Report reveals a notable shift towards longer lease agreements across various asset classes. Key findings: - Office Average Lease Lengths Rise by 29%  - Growing Preference for Extended Office Lease Terms  - 5 to 10-Year Office Leases Increase by 56% What do these longer lease terms hold for both landlords and tenants? Learn more and download the full report here: https://lnkd.in/gkCRM3yE #MarketLens #CRE #NewZealand #LeaseLengths #IndustryTrends #CommercialProperty #FlexibleLeaseTerms #FutureOfWork #CommercialRealEstate

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Stuart Cartledge, Managing Director of Phoenix Portfolios, writes that, as of June 2024, the listed property sector is in good shape and provides investors with the opportunity to gain exposure to high quality commercial real estate at a meaningful discount to independently assessed values. While share market volatility may be uncomfortable at times, the offset is liquidity, enabling investors to rebalance portfolios without the risk of being trapped in illiquid vehicles. https://lnkd.in/g8vxcAZh #reits #marketupdates

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Buyers have plenty of options this spring. The latest data from realestate.co.nz suggests a favourable market for property seekers, driven by unprecedented price stability and high numbers of houses on the market. National average asking prices have remained flat for nearly two years, offering buyers and sellers a rare degree of market certainty. Read the full report here. https://lnkd.in/guEcGJuM

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APJ'S daily wrap up of #ruralproperty and #commercialproperty #investmentsales, as well as leasing transactions across Australia. #RetailLeasing #IndustrialLeasing #OfficeLeasing #CRE #commercialrealestate #agriculturalproperty #agribusiness #agriculture

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Are owner occupiers fueling sub $20m commercial property market? - Ray White Commercial By Vanessa Rader, Head of Research, Ray White Group. The commercial property market is experiencing an intriguing shift, particularly in the sub-$20 million sector, which continues to demonstrate resilience in the face of challenging market conditions. Despite the increased cost of financing, this segment of the market is performing remarkably well, with transaction volumes surpassing both historical averages and pre-pandemic levels. This stands in stark contrast to the broader commercial market, which has seen declines of up to 70 per cent year-on-year in some areas. Read more on COMMO https://lnkd.in/gPbue3my Ray White Commercial Vanessa Rader COMMO The INDUSTRIALIST James Linacre Leteicha Wilson Peter Vines Paul Anderson Owen White Cassandra Glover Nina Clarke #commercialmarket #raywhite #vanessarader #commercialrealestate #australianrealestate #commericalproperty

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