SELL IN SPRING FOR HIGHER PRICES, WINTER FOR FASTER SALE
When you are selling a house, your success often seems to come down to a bit of luck.
The right buyer finds your open home, and - if you're really fortunate - gets into a bit of competitive bidding with another keen purchaser to push up the price.
But when the market is not so hot, that luck can feel harder to find. The latest Real Estate Institute figures show the number of sales in September was down by a quarter, year-on-year.
Market commentators say timing your sale right can help. Kim Sinclair, of Crockers Research Hub, said data showed a connection between migration flows and house price movements.
New Zealand's net migration has been running at a record rate as more people move here and fewer leave. This is one of the factors credited with driving strong house price growth over the past five years. But Sinclair said there was a clear pattern of migration dips between March and May each year, and again in November. That seemed to correlate with dips in sales prices, too.
Sinclair said it made sense that an influx of new arrivals looking for a home would have an effect on the housing market. "This suggests that selling property may not be recommended during those periods as demand may be lower and, conversely, these periods could be good times to buy." Nigel Jeffries, head of Trade Me Property, said winter was the best time of year for sellers who wanted a quick sale. His site's data showed that between June and August, houses spent less time on the market. Last year, properties in Wellington and Christchurch sold faster in winter than in any other season, spending an average of 24 and 38 days on the market, respectively.
Poll: 🤖 What skills do you think give a CV the ultimate edge in a robot-filled workplace?
The Reserve Bank has shared some pretty blunt advice: there’s no such thing as a “safe” job anymore 🛟😑
Robots are stepping into repetitive roles in factories, plants and warehouses. AI is taking care of the admin tasks that once filled many mid-level office jobs.
We want to know: As the world evolves, what skills do you think give a CV the ultimate edge in a robot-filled workplace?
Want to read more? The Press has you covered!
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53.3% Human-centred experience and communication
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14.3% Critical thinking
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29.5% Resilience and adaptability
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2.9% Other - I will share below!
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The latest product recalls
We are bringing you the latest list of recalled products from across the country. Make sure you aren't using these at home!
Click on the blue text to learn more about that particular product and why it was recalled.
Food and household item recalls:
⚠️Cereulide toxin risk in Nestlé brand Alfamino Infant Formula (0-12 months) recalled due to the possible presence of the toxin cereulide
Nestlé Milo Dipped Snack Bars
BC Hot Water Bottles sold at Bargain Chemist
Product Recalls: Infant care and clothing
Nature Baby Sleeping Gown
Product Recalls: Toys
Sensory Game Controller - sold at Kmart
Product Recalls: Cosmetics
Outside Beauty & Skincare SPF 50+ Mineral Primer (2 batches)
Anessa and Shiseido Anessa sunscreens sold only at Daikoku
Biore and Kao Biore sunscreens sold only at Daikoku
Kose Sunscreens sold only at Daikoku
Mentholatum sunscreens sold only at Daikoku
Pigeon sunscreens sold only at Daikoku
Rohto sunscreens sold only at Daikoku
Product Recalls: Electronics
Harvest Right Freeze Dryer HRFDSBKP-PP sold at Costco
Product Recalls: Other
Michelin X Multi Z and X Line Energy Z, size: 355/50R22.5, load/speed index:156K
UPDATED GASGAS Motorcycles: GASGAS Cross Country and Motocross model motorcycles with BRAKTEC brake system. New VINS added
Check the New Zealand Transport Agency's handy vehicle recall list here.
See past months' recalls. Stay safe, neighbours!
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