Positive sentiment

The current now word is recovery. It seems almost every indicator is positive – even the All Black’s are in recovery mode! As predicted, the number of homes being listed is on the increase – the selection for buyers is increasing, albeit slowly. We notice buyers who have been looking for some time are market sharp and are now acting quickly.

School Holidays

We’re in school holiday mode, activity is high, open home numbers are strong, sales activity is steady. We note the talk of recovery generally is having a bullish effect on vendors. This may see many homes remain unsold.

Recovery Continues

This time last year some “experts” were predicting a 30% down turn in the housing market. Currently we hear concerns from the Reserve Bank and others about the current strength of the housing market. Some even suggesting we are back to double digit annual growth in house values. To summarise – no one knows – probably pays to get on with your life.

Confidence Improving

This week’s unchanged OCR rate has ensured the current low mortgage rate environment. This will have a confirming effect on the attitude of buyers who are out in force competing hard for a home. Overall, confidence surveys, alongside with the rise in the number of jobs being advertised, together point to a slowly improving
market place.

Spring recovery

Having produced one of our strongest ever August results, I can report Spring has ushered in an energy in the housing market that thankfully bares no resemblance to our last Spring. The consensus seems to be that recovery is on us, and with it an improving housing market.