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.

Big March

As we approach the end of the financial year we are pleased to report one of our best ever sales months. We put this down to a lower interest rate environment and a period of time where the news around property locally and the economy of the world has been somewhat more hopeful.

Similarly we note some banks have increased their longer term rates, this is no doubt providing encouragement for buyers to act.

Renter's looking to buy

The latest drop of .5% in the OCR signals a bottoming out of interest rates. It appears to us buyers are positioning themselves to purchase as we observe a steady increase in the number of people at open homes, offers being made and sales made. The other interesting observation is that rental inquiries are down. There is no doubt renters are using a calculator to see what their rental money translates to as a mortgage.

Things are looking up

Open home numbers are up and steady, the number of offers we are fielding is on the increase, there is no sign of an increase in property values, but there are definite signs that buyers are on the look out and are prepared to commit.

We would expect this trend to continue particularly in light of another widely anticipated drop in the Official Cash Rate next week.