Upper end is starting to move

Buyers are out, auctions are competitive and selling, offers are in play, and sales are being made.

Finally the city is back and getting on with business. We note with interest a resurgence of activity in the $2 million plus range.

Future of property tax, announced

This week’s announcements by Prime Minister John Key have brought to an end the speculation around Property Tax. This alongside schools now back, has seen activity very much on the increase.

Aucklands average house price

Put no store in today’s news of a significant drop in Auckland’s average house prices. It’s a statistical aberration, based on January’s low sales volumes. Buyers’ attitudes remain upbeat. Interest rates are low, activity is on the increase.

Stable start to the year

2010 seems to be developing on an even keel with Bollard’s decision this week to keep the OCR stable at 2.5%. Buyer demand is firm, no doubt fuelled by news of a net migration increase. We’re standing by for a significant increase in activity as the schools come back.

Demand remains strong

The decade has dawned with evidence of a strong recovery in the residential market. In the face of predictions of a substantial fall in values, the average price in Auckland is of an all time high. In short, the market is active, and demand for housing in the areas we service is strong and continues to be in short supply. If you’re thinking of making a change we need to talk.