September 2024 real estate results show signs of stability
Some optimism returns to New Zealand’s property market The Real Estate Institute of New Zealand (REINZ) September 2024 figures show additional signs of stability as spring began and confidence increased among both vendors and buyers. According to REINZ Chief Executive Jen Baird, while the market remains subdued, there is a noticeable rise in positivity and confidence that things will continue to improve as we approach the end of the year. Despite lingering challenges such as the cost of living, many believe that the downward trend of interest rates will lead to a gradual recovery as we move into 2025.💰🏘️
Tauranga City Median Price
Sep-24 $890,000
Aug-24 $850,000
Sep-23 $875,000
Tauranga City Sales
Sep-24 232
Aug-24 232
Sep-23 189
Owner-occupiers and first home buyers were the most active buyer groups, with early enquiry from investors and retirees in Tauranga. Most vendor expectations were realistic and willing to meet market expectations. Others were still a bit optimistic and hoped for higher prices. Attendance at open homes improved, as those attending were well-researched buyers ready to transact as interest rates declined and the weather improved.☀️
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Poll: Should we be giving the green light to new mining projects? 💰🌲
The Environmental Protection Authority announced this week that a proposed mine in Central Otago (near Cromwell) is about to enter its fast-track assessment process. A final decision could come within six months, and if it’s approved, construction might start as early as mid-2026.
We want to know: Should mining projects like this move ahead?
Keen to dig deeper? Mike White has the scoop.
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53.2% Yes
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46.8% No
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Appeal for information following fatal crash: Tāneatua
Police investigating a fatal crash in Tāneatua are seeking further information from members of the public who witnessed the crash, or any movements leading up to the crash, to assist with our enquiries.
Prior to the crash, Police can confirm the red Honda Accord was observed travelling on Reid Road in excess of the speed limit.
A Police vehicle travelling the other direction observed the vehicle at speed, however was unable to locate the vehicle as it travelled towards White Pine Bush Road.
Police believe there were two other vehicles near or on the Pekatahi Bridge at the time of the crash, and we’d like to speak to the occupants of those vehicles to understand what they saw.
Additionally, we’re still seeking information from anybody who saw a red Honda Accord travelling in and around Tāneatua between 5:30pm and 6pm on Tuesday 2 December.
If you have information, please contact Police via 105, either over the phone or online, referencing file number 251202/5566.
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