New Zealand's property market appears to be in a holding pattern as investors and home-buyers wait to see what will happen next following changes to the LVR. The property market is changing compared to how it was a year ago. And Property Institute of New Zealand chief executive Ashley Church says Reserve Bank LVR restrictions are a devastating failure for first home buyers. All this in our October property article.
Buyers wait and see
According to property data firm MyValo
In order to have yourself prepared for auction day Harcourts New Zealand CEO, Chris Kennedy believes there are three types of figures to consider before the day: Your happy price – The figure you’d be very happy to accept. Your ok price – The figure you’d be ok with based on the feedback you’ve received, you don’t see a win but you don’t see a loss. Your grumpy figure – This last figure is basically the one you wouldn’t be thrilled with, but given market conditions, you’re pr