by Graham McIntyre | Aug 31, 2018 | House$ales
Over the next several months I will create a clearer picture of trending data relating to specific markets, and what you may expect due to development and pricing. Hobsonville Point, home of the Block 2018 and a poster child for new-age housing developments. Land sales in the area are $388,000 to $475,000 over the last month compared to $200,000 to $466,000 for the year ending August 2018. Median value in the area sits at $894,000 for the month compared to $628,000 for the year ending August 2018. The highest sales upper quartile remains Constant around $970,000. Sales volumes for the month were 21 units (average days on market 44) with annual sales at 306 units (average days on market 33) to year ending August 2018. Buyer groups are mostly younger mixed families with a cross section of children. Mature buyers (50 plus) make up less than 27% of the buyer grouping which holds consistent. This is a solid performing market for two to four bedroom homes with solid demand and stable pricing. Huapai, home of Cadbra Developments and an area that is set for some significant infrastructure change over the next 24 months which should be welcome relief to residents and businesses alike. Land sales in the area are soft and good buying at $344,000 to $480,000 over the last 12 months to August 2018. Minimum sales value of home and land package is $955,000 with a median price from last month at $1,060,000 compared to $1,000,000 for the year ending August 2018. High end pricing for new building activity on 600 sqm site sits between $1,100,000 and $1,180,000...
by Graham McIntyre | Aug 31, 2018 | House$ales
Since 2010 I have provided buyers and sellers with significant information on the number of sales and the value of property in the area. It helps both buyers and sellers understand the market, understand value trends and make better decisions. Over the next several months I will create a clearer picture of trending data relating to specific markets, and what you may expect due to development and pricing. Hobsonville Point, home of the Block 2018 and a poster child for new-age housing developments. Land sales in the area are $388,000 to $475,000 over the last month compared to $200,000 to $466,000 for the year ending August 2018. Median value in the area sits at $894,000 for the month compared to $628,000 for the year ending August 2018. The highest sales upper quartile remains Constant around $970,000. Sales volumes for the month were 21 units (average days on market 44) with annual sales at 306 units (average days on market 33) to year ending August 2018. Buyer groups are mostly younger mixed families with a cross section of children. Mature buyers (50 plus) make up less than 27% of the buyer grouping which holds consistent. This is a solid performing market for two to four bedroom homes with solid demand and stable pricing. Huapai, home of Cadbra Developments and an area that is set for some significant infrastructure change over the next 24 months which should be welcome relief to residents and businesses alike. Land sales in the area are soft and good buying at $344,000 to $480,000 over the last 12 months to August 2018. Minimum sales value of...
by Graham McIntyre | May 29, 2018 | House$ales
Real estate market report Steady interest rates, steady supply and fewer than normal buyers makes for a great buying platform if you’re seeking to put money into real estate. As winter looms and supply reduces it may be the best time to put your gumboots on and buy a home or investment. These periods of pause and re-adjustment historically are short lived and looking to overseas examples in Sydney or Vancouver seem to start self-pressurizing and demand comes back with a flurry. Likewise, I might just be the eternal optimist. We will all know in twelve months. Let’s have a look at the sales: Helensville Residential $635,000 to $792,000. Helensville Lifestyle $905,000 to $2,025,000. Huapai Residential $820,000 to $1,065,000. Kumeu Lifestyle $1,900,000. Muriwai Lifestyle $1,267,000 to $1,510,000. Riverhead Residential $830,000 to $1,700,000. Waimauku Residential $980,000 to $1,210,000. Waitakere $720,000 to $1,625,000. Whenuapai Residential $937,000 to $1,800,000. If you are seeking an opinion, thinking about improvements or change, I would suggest a no-obligation chat with me that will provide some clarity on potential gains, market changes and values that are at play in your street and area. Like-wise, before you go to market, have a chat with a few highly educated real estate professionals about the best process, marketing support and relationship that will deliver the best return on your asset. It may well save you thousands, make you thousands and deliver a much more enjoyable experience. Call me today on 0800 900 700, text 027 632 0421 or view www.grahammcintyre.co.nz – Mike Pero Real Estate Ltd Licensed REAA (2008). Real Estate Table – June...
by Graham McIntyre | May 29, 2018 | House$ales
Property Market report Steady interest rates, steady supply and fewer than normal buyers makes for a great buying platform if you’re seeking to put money into real estate. As winter looms and supply reduces it may be the best time to put your gumboots on and buy a home or investment. These periods of pause and re-adjustment historically are short lived and looking to overseas examples in Sydney or Vancouver seem to start self-pressurising and demand comes back with a flurry. Likewise I might just be the eternal optimistic. We will all know in twelve months. Let’s have a look at the sales: Hobsonville $688,000 to $1,460,000. Massey $565,000 to $1,250,000. Royal Heights $785,000 to $791,000. West Harbour $670,000 to $1,666,000. Waitakere $720,000 to $1,625,000. Whenuapai Residential $937,000 to $1,800,000. If you are seeking an opinion, thinking about improvements or change, I would suggest a no-obligation chat with me that will provide some clarity on potential gains, market changes and values that are at play in your street and area. Like-wise, before you go to market, have a chat with a few highly educated real estate professionals about the best process, marketing support and relationship that will deliver the best return on your asset. It may well save you thousands, make you thousands and deliver a much more enjoyable experience. Call me today on 0800 900 700, text 027 632 0421 or view www.grahammcintyre.co.nz – Mike Pero Real Estate Ltd Licensed REAA (2008). Real Estate Table – June...
by Graham McIntyre | Mar 2, 2018 | House$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 $780,000. Upsizing or downsizing or liquidating, there are a number of things that will be important to you; a) the agent needs to be experienced and highly qualified; b) the process must attract a volume of buyers; c) the advertising plan must attract the right buyers to view the property; and d) you must feel part of the journey and involved in the success of the sale. At Mike Pero Real Estate,...
by Graham McIntyre | Feb 1, 2018 | House$ales
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: Hobsonville residential $970,000 to $1,350,000 Massey residential $445,000 to $1,275,000 Royal heights residential $530,000 West Harbour residential $720,000 to $1,770,000 Waitakere residential $780,000 to $800,000 Whenuapai lifestyle $2,600,000 Upsizing or downsizing or liquidating, there are a number of things that will be important to you; a) the agent needs to be experienced and highly qualified; b) the process must attract a volume of buyers; c) the advertising plan must attract the right buyers to view the property; and d) you must feel part of the journey and involved in the success of the sale. At Mike Pero Real Estate,...
by Graham McIntyre | Feb 1, 2018 | House$ales
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 $2,600,000. Upsizing or downsizing or liquidating, there are a number of things that will be important to you; a) the agent needs to be experienced and highly qualified; b) the process must attract a volume of buyers; c) the advertising plan must attract the right buyers to view the property; and...
by Graham McIntyre | Oct 13, 2017 | House$ales
The number of homes being sold remains well down on last year, but prices are stable or down slightly. The number of properties sold in Auckland is down almost 22% on last year, however within this figure some communities are harder hit than others. While the Auckland median price rose from $830,000 in July to $840,000 in August. This figure also highlights two factors; a) more new homes selling at a higher price; and b) fewer sales volumes which skews the result. But this value is down from Auckland house pricing peak of $905,000 reached in March 2016, prices have softened in Auckland. The REINZ’s House Price Index, showed Auckland prices were down almost 3% in August compared to 2016, while prices in the rest of the country, excluding Auckland, were up 7% for the same period. It is also taking longer to sell properties, with the median number of days required to sell up to 37 in August compared to 30 in August 2016. There has also been a big decline in auction sales, in Auckland the number of auction sales was down by 61% compared to a year ago. With all this in mind it is a great time to improve your real estate position, the gap between what you have and what you want might be smaller than in 2016 and competition may well be less. Therefore if you are seeking to upsize, under your terms and favourable conditions give me a call today to discuss the best process to give you an edge. Let’s have a look at the local market: Coatesville lifestyle $ 1,550,000...
by Graham McIntyre | Jul 4, 2017 | House$ales
Auckland’s housing market will provide little relief for first home-buyers nor investors amid an estimated 40,000 property shortfall which seems unlikely to be realised given a flat line by mortgage providers. Diverting investors into building new properties was the Reserve Bank’s key to alleviating the city’s shortage of affordable homes but restrictions in lending and in offshore fund draw-downs for buyers has seen a significant hand brake applied to purchasing. Auckland still needs over 40,000 new houses however demand has been largely from property migrators rather than investor buyers which has impacted directly on buyer demand and funding misalignment. The Reserve Bank loan-to-value restrictions have been slowing the market for some time and possible rising interest rates in 2018 will consolidate that slow-down and reduce price pressure by scaring some out of the market. Property investors have represented between a quarter and almost half of the market and the removal of this group from the market has had a direct and significant impact on the Auckland market. Further to this, mortgage providers will need to show flexibility to allow buyers choice and confidence to invest. Let’s consider the sales. Herald Island residential $2,350,000 Hobsonville residential $665,000 to $1,860,000 Massey residential $560,000 to $1,450,000 Royal Heights residential $450,000 to $1,056,000 Taupaki lifestyle $1,200,000 to $2,200,000 West Harbour residential $710,000 to $1,056,000 Waitakere residential $720,000 to $769,000 Waitakere residential $850,000 to $1,685,000 Whenuapai residential $1,300,000 to $12,200,000 So whatever you decide and when you decide, it costs nothing to give us a call, or get us around, for a discussion about how we support you through the marketing and decision making...
