During January the firm sold 893 properties, most sales were in the outer southern and northern suburbs of Auckland.
In January, of all the properties sold by the firm, 20.7 per cent went for more than $1 million, and the number of homes sold for less than $500,000 represented 28.6 per cent of its sales.
A report from Bayleys says the Auckland market has taken a breather over the last 3 months. Even so, the time to sell all inventory is sitting at just 10.3 weeks against a long-term average of 24.5 weeks. An indicator of strong demand.
Tenancy disputes
Figures released by Tenancy Practice Services show landlords across the country lose an average of $1800 in disputes with their tenants -- around five weeks' rent -- every year.
Landlords in Auckland are losing an average 5.6 weeks' rent, in Wellington it's 5.8 weeks and Canterbury, 4.8 weeks.
Body corporates
Calls are growing for body corporates to be more transparent. Auckland Central MP Nikki Kaye wants to hear apartment owners' concerns via her website betterbodycorporates.nz.
According to reports, worries raised by apartment owners include a lack of pre-purchase disclosure and allegations of the manipulation of proxy votes at body corporate meetings.
Kaye wants the Unit Titles Act changed, and intends to produce a report to put in front of her ministerial colleagues.
Stonewood Homes
Stonewood Homes New Zealand went into receivership this week. KordaMentha has been appointed receivers to Stonewood Homes New Zealand, Stonewood Homes and Sterling Homes. Independently owned Stonewood franchises are not affected.
David Kelly, Registered Master Builders Association chief executive, says all Stonewood Christchurch homeowners have Master Builder guarantees so their homes will be completed.
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