Three months of selling time before Christmas. We are on the short slope to spring, the days are getting longer, the lambs and the daffodils will soon be dancing the fields, and before you can blink the big man with the red coat and the white beard will be shooting down the chimney. What we would like to point out is that if you are considering a change in your real estate situation you should be getting us in to appraise your property and step you through the pre-sale checklist to ensure you can achieve the very best return on your property. The Reserve Bank seems determined to implement additional mortgage lending criteria, let’s call them short term dampening moves to curb the housing demand. Problem being that most of demand is created by syndicates and consortiums that are not subject to traditional mortgage borrowing. The buyer profiles we are often working with have five or six homes in a range of areas and have a long term buy and hold strategy. Therefore the latest regulations implemented on overseas buyers are irrelevant while the loan to income ratio envelope will further disadvantage hard working first home buyers wanting to create family security and sovereignty. Chances are we haven’t seen the end of changes to buyer controls. On a brighter note, let’s see what the market has achieved this month: Coatesville lifestyle from $1,080,000 to $1,850,000. Helensville residential from $520,000 to $721,000. Parakai residential from $312,000 to $650,000. Huapai residential from $835,000 to $987,500. Kumeu lifestyle from $915,000 to $7,025,000. Riverhead residential $660,000 to $1,350,000. Riverhead lifestyle from $2,110,000 to $4,000,000. Taupaki lifestyle from $1,039,000 to $2,800,000. Waimauku residential from $880,000 to $1,400,000. Waimauku lifestyle from $950,000 to $2,000,000. Waitakere lifestyle from $1,150,000 to $1,165,000. Whenuapai lifestyle from $2,500,000 to $8,300,000. If you are considering a real estate change you would be well advised to talk with Mike Pero Real Estate because of some very clever and sensible offers: Your commission is very sensible (saving you thousands of dollars). A free marketing offer including TV, magazine, online, print exposure. Exposure to our extensive local, national, international buyer database. Service standards that revolve around you and your needs. Further to this we have a number of exclusive Trademe special offers and digital upgrades to ensure you get the very biggest marketing exposure with a very low commission rate. See more at www.grahammcintyre.co.nz or phone 0800 900 700. Mike Pero Real Estate Kumeu – It’s not about the talk, it’s walking the talk. Licensed REAA (2008). See us on facebook https://www.facebook.com/MikePeroKumeu/Real Estate Table – July 2016
