More sales, prices rise as activity builds in the property market
With a significant increase in property listings, the rise in the total number of properties sold, and an increase in the median sale price, some buyers are holding out for the ‘right’ property while others are getting ‘into the market’ before competition rises as investors return.
This buoyancy is a positive sign that we haven’t seen for a while.
(source: REINZ February Property Report)
We are looking at the back of the government’s 100-day plan and the changes to the bright line test back to two years and the latest reintroduction of interest deductibility on investment properties for landlords
REINZ Chief Executive Jen Baird says with the combination of high listing numbers, elevated stock and shifts in the median sale price we are seeing increased activity.
Tauranga City Median Price
Feb-24 $901,500
Jan-24 $915,000
Tauranga City Sales
Feb-24. 207
Jan-24. 119
Feb-23. 170
If you want real estate advice or more info on the current market in your area give me a call - 0274 951 536
National average asking price virtually unchanged for over a year
Since January 2023, the national average asking price has remained stable. At $868,877, it is down a marginal 0.6% on April last year. The national average asking price has remained below $900,000 since December 2022, a significant decrease from the market peak in January 2022 when it exceeded $1 million.
“As we move into the winter months, we typically see a cooling market, and in 2024, this is combined with a softening economy. It will be interesting to see how these factors play out for the property market in the coming months,” says Sarah Wood, CEO of realestate.co.nz
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ANZAC DAY
Half a world away from dawn services in Australia & New Zealand, a small group of dignitaries will meet in Malta this Anzac Day among the neat rows of headstones at sun-baked Pieta Military Cemetery just outside Valletta – as they have since 1916 – to commemorate a moving but largely forgotten chapter of Gallipoli lore.
It is the story of how a tiny, ancient, impoverished and battle-scarred nation in the centre of the Mediterranean opened its arms and hearts to care for thousands of wounded, traumatised and sick young Anzacs, many of them still teenagers, who arrived aboard a flotilla of blood-soaked hospital ships from the battlefields of Gallipoli.
While most of the 57,950 soldiers evacuated to Malta recovered and eventually left, some 202 Australians and 72 New Zealanders did not, and are in war cemeteries across the archipelago.
Apart from their graves hewn from the parched, rocky Maltese earth, there is little other physical evidence the Anzacs were ever in Malta, despite the enormity of their presence over a century ago.
The voyage across the Eastern Mediterranean in these makeshift hospital ships from the Gallipoli Peninsula to Malta was not an easy one. It took the steam ships up to eight days to cover the 1163-kilometre journey.
At the beginning of April 1915, there were 824 military hospital beds in Malta. At the end of May 1915, there were more than 6000 in 14 hospitals spread all over the island. At its peak there were 25,522 beds in 28 hospitals, with the highest number of patients on any one day a staggering 16,004.
We will remember them 🥀 🌺
(article written by Andrew Hornery a senior journalist and former Private Sydney columnist for The Sydney Morning Herald).
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