Extreme Weather

What a week of weather – extreme – the wintery blast brought with it a deepening depression with bad news from Dominion Finance and the St Laurence Group. This seems to have generated something of a pull back effect on the market with buyers once again holding their breath. There is however, a general shortage of homes available for sale. Clearly the message has got the population generally that it is not a good time to sell. This is not correct. There are many buyers standing in the market. The astute ones are enjoying lots of attention.

Glass half emtpy

While many continue to see ‘the glass half empty’ in the housing market, we were pleased to see the obvious flip side, ‘the glass half full’ report in this mornings Herald confirmed that housing affordability is improving. While is doesn’t take an Einstein to work out that if interest rates are falling and values are softening, the buyer must benefit, somehow we just seem to camp ourselves in ‘the sky is falling’ territory. Affordability is improving, buyers are buying, we are short of homes to sell, and for the first time in several weeks, we are witnessing many competitive buying situations.

Never let the facts get in the way of a good story.

While the media trumpets speculation of impending doom in the property market, we note in the fine print of todays herald some interesting facts here's the article. As they say - you never let the facts get in the way of a good story.

Fortune favours the brave

Well the week has ended with more speculative rhetoric and projected graph lines showing the ongoing demise of the property market. Oh that we mere mortals could be so accurate in prophesying the future! In the mean time, life goes on, the buying and selling of homes continues, the thing that changes the most is peoples perception of the future based on headlines. This has an effect on confidence, it's at times like these fortune favours the brave - make an offer, it's a great time to buy!