OCR hits new low

The Reserve Bank confirmed our prediction and has once again adjusted the OCR rate downwards to a new low of 2.5%.

While the outlook painted in the banks statement is bearish, our opinion is that this confirming of a low interest rate environment will continue to have buyers return to the market.

April for us has been another very good month with an increasing number of homes being sold in competition.

Strong market response continues

Market response continues to be strong, sales volumes are steady, buyers clearly seeing opportunity with realistic vendors meeting the market and buyers increasingly understanding this could be as good as it gets. To add fuel to the fire, expectations are that the OCR will be cut another 0.5% next week.

Imitation - The highest form of flattery.

With school holidays on us we have had time to reflect on Barfoot & Thompson’s recent decision to match our fee structure and this week’s decision by L J Hooker to copy our advertising layout (view it here page 17) notice any similarities? These moves encourage us and confirm what our market place consistently tells us; namely the package we offer vendors is compelling and comes with real added value.

A well earned break

We can’t recall a more dramatic start to a year – we’ve had to cope with a range of scenarios which have had us all stretched at various levels. Consequently the Easter break feels particularly welcome. Remember the reason for the season – drive carefully – relax and enjoy.

New financial year.

It’s amazing how quick another financial year has clicked by. And what a year. It has ended on a much higher note, for which we are thankful. Albeit predictions remain muted, our expectation is that as long as Mr Bollard remains committed to a low interest rate environment, we expect sales volumes to produce a better year. It remains to be seen how values are affected.