House prices are up and buyers are hesitant

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 MyValocity, house price growth is in the double digits, particularly in the regions around Auckland. In Tauranga house prices have risen 27.8 per cent year on year, while in Hamilton house price growth is up 26.4 per cent. M

Auction day stress – don’t panic

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 prepared to unhappily sell at that price. Remember, at all times during an auction, you’re in control. If a bid is high enough take it. If not, don’t. But the reason for not taking the offer needs to be greater than the re

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Benita Dwyer

M.    0272 399 155

P.      09 838 4848

E.      benita.dwyer@harcourts.co.nz

Harcourts Henderson Heights

5/138 Sturges Road

Henderson Heights

Blue Fern Realty Ltd. Licensed Agents REAA 2008

Licensed Salesperson REAA 2008