It surprises me how simple to understand the property market is, and how complex some commentators and political figures try to make it. Let me try to simplify all the babble that you may have encountered over the last few months and put it into perspective. If there is only one house for sale and three people would like to buy that house, the price will increase.
If there are three houses for sale and only one person that wants to buy, house prices are likely to fall. It is the basic fundamentals of demand and supply that can be seen in all manner of markets from garage sales to share markets.
Therefore if you are looking for a cheap bargain, start looking in areas and at houses that no one else wants, have a plan and a budget to change the area or the house to be more appealing to more people.
When you are considering selling your home it pays to talk to an agent that understands how to create more appeal, and how to generate competition from the market. One such agent is Graham McIntyre from Mike Pero Real Estate. The feedback that we receive, and the independent testimony on http://www.localist.co.nz/l/mikeperorealestate will give you confidence and some understanding. His new web site https://www.grahammcintyre.co.nz/ provides a House$ales blog providing the most recent sales over the last month in your area, so you can keep pace with the market. You can contact Graham on 0800 900 700 for a free no obigation chat.Real Estate Table