• Geraldine Zareian.

Market pulse on the Shore

Investors poised to take advantage.

Whenever there’s a global challenge, shrewd people time their investment. We are experiencing such a period right now.

Loan interest rates have been reduced to encourage the market to continue spending. That coincides with more proposed changes to the tenancy law. With buyer demand at a seasonal high, the momentum may continue into and past autumn.

The question is whether the expected slowdown in property sales will happen prior to the general election this year. No sign of a slow-down yet!

An unprecedented combination of factors are at play that could alter the course. The events of 2003 were similar and the demand for property resulted in a price increase, despite the predictions.

North Shore isn’t a travel destination and may be able to avoid any of the industry-related decline.

It will be interesting to look back at the end of the year and see who the active buyers were. Property has always been the best long-term investment. A much better prospect than off-shore!

Getting ready to sell during autumn?

Summer is often seen as the most popular time of the year to list a home, but it can be smart to wait until autumn to hammer that “For Sale” sign into your lawn.

  • Less Competition

There are fewer homes on the market during the autumn months, so you have less competition.

  • Heating and cooling during a cooler market

Weather extremes are less of an issue for open homes. Heat pumps and fireplaces become big selling points.

  • Less Waiting for Trade and Preparation Teams
  • Buyers are Keen to Move in Before Winter

I offer a wider and more diverse service than anyone else on the Shore. I can put you in touch with local trusted professionals, including: an experienced lawyer; financial adviser; interior home stylist; handyman; builder: electrician; gardening services; exterior house cleaning, property management and much more!

Check us out @thinkbigkiwi.com

 


By: , Real Estate on the Shore, by Geraldine Zareian MREINZ, Barfoot & Thompson, Brown
g.zareian@barfoot.co.nz

Issue 108 April 2020