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. 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. Coatesville lifestyle $ 2,625,000. Helensville residential $ 585,000 to $ 845,000. Helensville lifestyle $ 1,059,000 to $ 1,225,000. Parakai residential $ 459,000 to $ 790,000. Huapai-Kumeu residential $ 970,000 to $ 1,240,000. Huapai-Kumeu lifestyle $ 1,508,000 to $ 2,235,000. Riverhead residential $ 740,000 to $ 1,620,000. Taupaki lifestyle $ 1,200,000 to $ 2,200,000. Waimauku lifestyle $ 915,000 to $ 2,550,000. Waitakere residential $ 720,000 to $ 850,000. Waitakere lifestyle $ 1,570,000 to $ 1,685,000. Whenuapai lifestyle $ 1,300,000 to $ 12,200,000. So whatever...
by Graham McIntyre | Mar 30, 2017 | House$ales
A flood of new listings to market has increased supply, the reserve bank has continued to put pressure on banks to reduce risk, and reduce offshore lending. Likewise the restriction on investors to borrow on properties in the market continues to slow demand from lower value home owners keen to migrate to bigger houses or new homes. Reduced competition is reflected in some prices softening. Similar to 2008 we are seeing an easing in values but only by a small percentage at this time. We expect buyers to continue to be cautious while the election looms, with less competition and increased time on market. At Mike Pero Real Estate we have moved most of our vendors to an “offer over” pricing to more clearly showcase the indicative value and to provide confidence and clarity in price guidance. We believe this is vital to drive demand based on good value. Let’s have a look at the market sales this month: Coatesville lifestyle $2,330,000 to $2,550,000. Helensville residential $579,000 to $1,250,000. Parakai lifestyle $485,000 to $639,000. Huapai – Kumeu residential $790,000 to $1,050,000. Kumeu lifestyle $2,790,000 to $4,200,000. Riverhead residential $904,000 to $1,375,000. Taupaki lifestyle $1,680,000. Waimauku residential $940,000 to $1,415,000. Waitakere residential $992,500 to $1,400,000. Whenuapai residential $785,000 to $1,225,000. If you are considering buying or selling in this market, give me a quick call on 0800900700 and tell me what you are looking for, what is your wish list and time frame? It costs nothing to ask some fundamental questions that give you an advantage. With Mike Pero Real Estate you will receive some solid unbiased advice, a multimedia...
by Graham McIntyre | Mar 30, 2017 | House$ales
A flood of new listings to market has increased supply, the reserve bank has continued to put pressure on banks to reduce risk, and reduce offshore lending. Likewise the restriction on investors to borrow on properties in the market continues to slow demand from lower value home owners keen to migrate to bigger houses or new homes. Reduced competition is reflected in some prices softening. Similar to 2008 we are seeing an easing in values but only by a small percentage at this time. We expect buyers to continue to be cautious while the election looms, with less competition and increased time on market. At Mike Pero Real Estate we have moved most of our Vendors to an “offer over” pricing to more clearly showcase the indicative value and to provide confidence and clarity in price guidance. We believe this is vital to drive demand based on good value. Let’s have a look at the market sales this month: Hobsonville residential $815,000 to $1,045,000 Massey residential $565,000 to $1,200,000 Royal Heights residential $717,000 to $1,045,000 West Harbour residential $587,000 to $1,200,000 Waitakere residential $992,500 to $1,400,000 Whenuapai residential $830,000 to $1,800,000 If you are considering buying or selling in this market, give me a quick call on 0800900700 and tell me what you are looking for, what is your wish list and time frame. It costs nothing to ask some fundamental questions that gives you an advantage. With Mike Pero Real Estate you will receive some solid unbiased advice, a multimedia marketing kick start including TV Advertising, Magazine showcase and online presence. Further...
by Graham McIntyre | Nov 28, 2016 | House$ales
Let’s consider the facts in this market. Houses are selling, albeit slower than normal and at prices comparable with sales over the last 12 months but without the month on month increases expected previously. The global influences on mortgage funding is not yet overly evident and banks continue to operate in an envelope of cautiousness. The reserve bank is signaling a need to boost and stimulate the market with a reduction in the .25% base rate. Very attractive rates are available for fixed term mortgages through HSBC, Kiwibank and TSB Bank and shopping around is important in this market. Consider where you want to be in three years and make some decisions about where you are, and where you want to be. Having a plan and working towards that goal is very important. It starts with understanding. Herald Island residential $840,000 to $960,000 Whenuapai residential $850,000 to $1,635,000 Hobsonville residential $900,000 to $1,250,000 West Harbour residential $670,000 to $1,180,000 Royal Heights residential $645,000 to $1,279,000 Massey residential $536,000 to $985,000 Waitakere Township residential $745,000 to $780,000 Before you start your journey I would like to meet with you to discuss your many options, the strength within this market, options that you may not have considered and in turn the time frames that you should consider. While I appreciate you have many agents and realtor partners to choose from, I believe that I offer a very honest and transparent approach that will deliver peace of mind and drive confidence. See more at www.grahammcintyre.co.nz or phone 0800 900 700. Mike Pero Real Estate Hobsonville – It’s not about the talk, it’s...
by Graham McIntyre | Nov 28, 2016 | House$ales
Let’s consider the facts in this market. Houses are selling, albeit slower than normal and at prices comparable with sales over the last 12 months but without the month on month increases expected previously. The global influences on mortgage funding is not yet overly evident and banks continue to operate in an envelope of cautiousness. The reserve bank is signalling a need to boost and stimulate the market with a reduction in the .25% base rate. Very attractive rates are available for fixed term mortgages through HSBC, Kiwibank and TSB Bank and shopping around is important in this market. Consider where you want to be in three years and make some decisions about where you are, and where you want to be. Having a plan and working towards that goal is very important. It starts with understanding: Helensville residential $579,000 to $885,000. Helensville lifestyle $1,200,000 to $1,800,000. Parakai residential $450,000 to $795,000. Woodhill lifestyle $1,501,000 to $1,680,000. Waimauku lifestyle $865,000 to $2,400,000. Muriwai residential $800,000. Huapai – Kumeu residential $828,000 to $1,046,000. Kumeu lifestyle $1,550,000 to $2,598,000. Riverhead residential $790,000 to $1,090,000. Taupaki lifestyle $2,500,000. Waitakere residential $745,000 to $1,270,000. Waitakere lifestyle $1,450,000 to $1,635,000. Before you start your journey I would like to meet with you to discuss your many options, the strength within this market, options that you may not have considered and in turn the time frames that you should consider. While I appreciate you have many agents and realtor partners to choose from, I believe that I offer a very honest and transparent approach that will deliver peace of mind and drive confidence. See more...
by Graham McIntyre | Sep 29, 2016 | House$ales
real-estate-table-october-2016 One month of selling time before the Christmas slow down. A change in season always brings about interest in property, values, listings and buyer demand. The new Auckland Council plan and its associated boundary lines will in turn create change and opportunity. We sense that there is calm before a storm of activity. The market is in constant change and we encourage you to consider the value that is represented within refurbished homes and that history dictates that it will never be cheaper to build than it is today. Let’s see what the market has achieved this month: Coatesville lifestyle from $1,035,000 to $1,531,000. Helensville residential from $688,000 to $715,000. Helensville lifestyle from $890,000 to $1,605,000. Parakai residential from $540,000 to $555,000. Huapai residential from $732,000 to $1,180,000. Kumeu lifestyle from $2,825,000. Riverhead residential $805,000 to $1,350,000. Riverhead lifestyle from $2,110,000 to $4,000,000. Taupaki lifestyle from $950,000 to $1,640,000. Waimauku residential from $930,000 to $1,018,000. Waimauku lifestyle from $980,000 to $1,580,000. Waitakere lifestyle from $1,150,000 to $1,286,000. Whenuapai lifestyle from $1,660,000. If you are considering a real estate change you would be well advised to talk with Mike Pero Real Estate because of some very clever and sensible offers: Your commission is very sensible (saving you thousands of dollars). A free marketing offer including TV, magazine, online, print exposure. Exposure to our extensive local, national, international buyer database. Service standards that revolve around you and your needs. Further to this we have a number of exclusive Trademe special offers and digital upgrades to ensure you get the very biggest marketing exposure with a very low commission rate. See...
by Graham McIntyre | Jul 27, 2016 | House$ales
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 $2,110,000 to...
by Graham McIntyre | Jul 4, 2016 | House$ales
Market Report with Graham July heralds the downhill slope toward Christmas and the reality will soon dawn that you have about four months of selling before 2016 comes to an end. Therefore if you are thinking about a change in your real estate position it may be the best time to start thinking, talking and planning. Strong interest in property from a broad cross section of investors, families, upsizers and downsizers. Although banks are taking steps to further restrict borrowing outside the risk envelope there seems to be no letup in the ability for syndicates to gather offshore funds to procure property that will be subject to subdivision or a favourable rental return. Let’s consider the markets: Coatesville lifestyle from $1,560,000 to $3,250,000. Helensville lifestyle from $935,000 to $1,025,000. Helensville residential from $369,000 to $750,000. Huapai and Kumeu lifestyle from $1,950,000 to $3,000,000. Huapai and Kumeu residential from $725,000 to $1,075,000. Muriwai lifestyle at $2,275,000. Muriwai residential from $730,000 to $1,267,000. Parakai residential from $475,000 to $485,000. Riverhead residential from $ 960,000 to $1,295,000. Taupaki lifestyle at $3,720,000. Waimauku lifestyle from $1,100,000 to $1,315,000. Waimauku residential from $698,500 to $1,305,000. Waitakere residential at $677,000. Whenuapai residential from $1,300,000 to $1,790,000. Woodhill lifestyle at $4,400,000. Great news is that Mike Pero Real Estate has an exceptional multimedia marketing programme including television exposure, magazine exposure, and signage at no cost. Further to this we have exclusive TradeMe special offers and digital upgrades to ensure you get the very biggest marketing exposure, with a very sensible commission rate. See more at www.grahammcintyre.co.nz or phone us directly on 0800 900 700. Mike Pero...
by Graham McIntyre | Jul 4, 2016 | House$ales
Market report with Graham July heralds the downhill slope toward Christmas and the reality will soon dawn that you have about four months of selling months before 2016 comes to an end. Therefore if you are thinking about a change in your real estate position it may be the best time to start thinking, talking and planning. Strong interest in property from a broad cross section of investors, families, upsizers and downsizers. Although banks are taking steps to further restrict borrowing outside the risk envelope there seems to be no letup in the ability for syndicates to gather offshore funds to procure property that will be subject to subdivision or a favourable rental return. Let’s consider the markets: Herald Island residential from $2,400,000 to $3,050,000 Hobsonville residential from $1,050,000 to $1,240,000 Massey residential from $550,000 to $1,030,000 Waitakere residential at $677,000 West Harbour residential from $799,000 to $1,446,000 Whenuapai residential from $1,300,000 to $1,765,000 Great news is that Mike Pero Real Estate has an exceptional multimedia marketing program including television exposure, magazine exposure, and signage at no cost. Further to this we have exclusive TradeMe special offers and digital upgrades to ensure you get the very biggest marketing exposure, with a very sensible commission rate. See more at www.grahammcintyre.co.nz or phone us directly on 0800 900 700. Mike Pero Real Estate Hobsonville – It’s not about the talk, it’s walking the talk. Licensed REAA (2008).Real Estate Table...
by Graham McIntyre | May 26, 2016 | House$ales
Market Report with Graham As we dive into the clutches of winter we continue to see strong buyer demand in all areas and from a wide range of markets including first homes buyers, upsizers, downsizers, lifestylers and investors. The market is starting to reflect clear value points with refurbished homes around $800,000, new homes at $1,000,000 plus and lifestyle over $1,300,000. There is still the odd cheaper home that is sold subject to an issue, or presentation but then remedial costs are high due to the demand being placed on tradespeople. Properties for sale are reducing over the whole market again and we predict this will continue through to September 2016. So to recap, a great time to sell, and a good time to buy if the price is right. Let’s consider the individual markets: Coatesville – Lifestyle sales at $1,750,000 to $3,300,000. Helensville – Residential sales at $529,000 to $789,000. Lifestyle sales at $ 850,000 to $2,500,000. Huapai and Kumeu – Residential sales at $840,000 to $1,170,000. Lifestyle sales at $1,600,000 to $6,980,000. Muriwai – Residential sales at $600,000 to $1,120,000. Lifestyle sales at $960,000 to $1,300,000. Waitakere and Taupaki – Lifestyle sales at $1,250,000 to $2,010,000. Waimauku – Residential sales at $950,000 to $1,235,000. Whenuapai – Residential sales at $818,000 to $2,000,000. Great news is that Mike Pero Real Estate has an exceptional multimedia marketing program including television exposure, magazine exposure, and signage at no cost. Further to this we have exclusive TradeMe special offers and digital upgrades to ensure you get the very biggest marketing exposure, with a very sensible commission rate. See more at www.grahammcintyre.co.nz...
