Spring is in the air

Spring is definitely in the air. The days are longer and warmer. Buyers are out, sales are being made. We had a hat trick of Auctions sell last week under the hammer, it has been a great week for our team, to top it all off the All Blacks pulled off a fantastic win!

Ongoing housing recovery

It appears there is a begrudging acceptance amongst observers of our “sport” that the factual data supports an ongoing recovery in the housing market – albeit gradually. The BNZ economist confirms our experience that there is a “structural short supply” of stock. We are encouraged by the relatively quick results most vendors are experiencing.

Demand remains firm

While there continues to be notes of caution around the economy, we observe an increasing positive vibe around the marketplace. We’ve read various commentators reason why there is more downside to come, the thing no one is talking about is supply and demand. The reality is in the areas we serve, demand is firm. Until that changes significantly, values will remain intact.

'Strong signs of recovery'

Fascinating to see how quickly the headlines change. How fickle we all are. Just months ago the press and punters were seeing ongoing downside in the residential market. This morning’s Herald editorial now warns of the perils of an improving housing market. Our summary – in uncertain times, particularly in a low interest rate environment, the smart money heads for the security of bricks and mortar.

Think of selling, what are you waiting for?

Those homeowners going to the market now are winning. While some homeowners are waiting to list in spring – buyers aren’t waiting for anything.

We see something of this phenomenon every year, but it’s particularly exaggerated right now. View Alistair Helm's latest property report from RealEstate.co.nz here.