February is historically the month that people start implementing their Real Estate plans which normally intersect a range of influencers. One of the influencers is the Banks who have had the loan value ratio relaxed by the Reserve Bank allowing more funding to flow through to home buyers. Investors and Overseas buyers are still being heavily restricted however there is some speculation that further relaxing may come into effect to try to encourage more rental property numbers to come back onto market. One of the side effects of the Reserve Banks tightening of restrictions on banks to the Auckland Investor market (requiring 40% deposit) has delivered a dramatic lack of rental properties in the Auckland market, a hole that Auckland Council and Central Government are now forced to solve, through emergency accommodation and state housing. One thing is for sure, New Zealander’s demand for property ownership is strong and Auckland Real Estate will always outperform every other property market in New Zealand. Let’s take a look at local sales numbers: Coatesville lifestyle $1,240,000.
Helensville lifestyle $898,000 to $1,490,000. Helensville residential $410,000 to $750,000. Huapai residential $810,000 to $865,000. Kumeu lifestyle $1,055,000 to $2,400,000. Muriwai residential $812,500 to $1,075,000. Riverhead residential $865,000. Taupaki lifestyle $975,000 to $2,100,000. Waimauku residential $870,000 to $1,330,000. Waitakere residential $780,000 to $800,000. Whenuapai lifestyle $2,600,000.
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, we provide a logical and easy solution that delivers peace-of-mind to buyers and sellers considering a property change. For more information go to www.grahammcintyre.co.nz or phone 0800 900 700. Mike Pero Real Estate Ltd Licensed REAA (2008).