Homes prepared and presented well continue to attract serious buyer interest throughout central Auckland.  Strong marketing and a clear selling signal also appear to be increasing vendor’s prospects.

Media plugs of ever increasing house prices continue to fuel both buyer demand and vendor expectations.  Sweeping generalisations are not helpful.  Prices achieved relate to location and property type.  Premiums are being achieved in specific cases.

“Steady as she goes” appears to be the Reserve Bank’s policy. It was announced today that the official cash rate would remain unchanged and they have pushed out the potential for any increase to the middle of 2013. This news will continue to give the residential market confidence.

A one hundred percentage success rate at auctions this week reflects the on-going buyer pressure for the homes being offered for sale.  As we head into the Spring listing season, it appears confidence in the housing market remains strong.