by Graham McIntyre | Mar 2, 2018 | House$ales
Let’s not get ahead of ourselves, nor predict the future rise or demise of the local real estate market just yet. Different economists and different polls have outlined a steady as she goes approach to real estate demand and prices seem to be more settled. A slow-down in new home sales and new home construction would indicate that there is a growing gap between what builders want to build and what the market is seeking to purchase. Banks are still restricting lending and placing increasing demands on home owners and investors. Banks are seeking a lower risk profile and an increased asset pool to balance their score cards. Most of the industry feedback at present is that the property market is in a stabilising phase with the looming reality of a slight lift in lending interest rates towards the end of the year. Which-ever way you cut the cake it is interesting times in balancing environments. Let’s look at the sales for the month: Coatesville Lifestyle $7,600,000. Helensville Lifestyle $454,000 to $1,189,000. Helensville Residential $850,000 to $1,052,000. Parakai Residential $485,000 to $735,000. Huapai Residential $965,000 to $1,333,500. Kumeu Lifestyle $1,150,000 to $3,050,000. Muriwai Residential $885,000. Riverhead Residential $1,050,000 to $1,540,000. Taupaki Lifestyle $1,350,000. Waimauku Residential $580,000 to $1,155,000. Waimauku Lifestyle $1,100,000 to $1,815,000. Upsizing or downsizing or liquidating, there are a number of things that will be important to you; a) the agent needs to be experienced and highly qualified; b) the process must attract a volume of buyers; c) the advertising plan must attract the...
by Graham McIntyre | Mar 2, 2018 | House$ales
Let’s not get ahead of ourselves, nor predict the future rise or demise of the local real estate market just yet. Different economists and different polls have outlined a steady as she goes approach to real estate demand and prices seem to be more settled. A slow-down in new home sales and new home construction would indicate that there is a growing gap between what builders want to build and what the market is seeking to purchase. Banks are still restricting lending and placing increasing demands on home owners and investors. Banks are seeking a lower risk profile and an increased asset pool to balance their score cards. Most of the industry feedback at present is that the property market is in a stabilising phase with the looming reality of a slight lift in lending interest rates towards the end of the year. Which-ever way you cut the cake it is interesting times in balancing environments. Let’s look at the sales for the month: Hobsonville Residential $747,500 to $1,095,000. Massey Residential $545,000 to $840,000. Royal Heights Residential $670,888. Taupaki Lifestyle $1,350,000 West Harbour Residential $637,500 to $1,358,000. Waitakere Township $670,000 to $780,000. Upsizing or downsizing or liquidating, there are a number of things that will be important to you; a) the agent needs to be experienced and highly qualified; b) the process must attract a volume of buyers; c) the advertising plan must attract the right buyers to view the property; and d) you must feel part of the journey and involved in the success of the sale. At Mike Pero Real Estate,...
