Zealand is a great place to live and real estate
is very popular with Kiwis and overseas buyers.
The credit crunch has reached NZ and real estate
has been affected, house prices have dropped in
general and buyers have a good choice of properties
to look over.
Use this site each day to search various websites
and to gain updated info on the housing market.
Modern homes, character villas, lifestyle blocks
- you'll find it all here in the north and south
islands of New Zealand.
On the right hand side are links to websites of
agencies who are members of the Real Estate Institute
of NZ (MREINZ) and below those are other websites
of non members.
The most popular New Zealand real estate website
Trademe Property followed by the MREINZ main
Other important links for gathering information
including searching for companies info are continually
In NZ, the seller is called the "vendor"
and real estate agencies in the main, represent
the vendor and are paid a commission by the vendor
only upon selling, normally using a "sales
and purchase" agreement, which may or not be
conditional, in which case the sale is confirmed
once the agreement has become "unconditional".
Possession of the property is normally done once
the agreement between the vendor and the buyer has
been "settled" (paid in full).
Sellers who do not use a real estate agent are referred
to as "Private sellers" and their "listings"
(Properties for sale) will not appear on any MREINZ
Private sellers make up perhaps 10 - 22% approx
of the market - and this figure may be rising?
It pays to do your homework, information is king
when making property decisions.