No Change to the Cash Rate

Momentum continues to build as we see an increasing number of buyers committing to home ownership. The news today that the Reserve Bank has kept the official cash rate at 2.5% will build further confidence into perspective purchasers. In short, it’s looking like a good time to be on the market.

Further Confirmation

Yet again, confirmation of a rapidly improving Auckland market –

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10720725;

Buyers, this is not a time to be out of the market, waiting in expectation of a softening in prices any time soon

Things Are Looking Up!

Finally we see some press confirming what we have observed for some time ie. a firming market in central Auckland -

http://www.nzherald.co.nz/property/news/article.cfm?c_id=8&objectid=10718867;

We have observed auctions for family homes, in particular, selling under the hammer in strong competition. Things are on the move – it’s a great time to be in the market.

Still Plenty of Heat

Along with the change in daylight saving – we have been experiencing a chilly blast from the south – neither event has damaged the heat in the central Auckland market, particularly for family homes under $1m.