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
Poll: Does the building consent process need to change?
We definitely need homes that are fit to live in but there are often frustrations when it comes to getting consent to modify your own home.
Do you think changes need made to the current process for building consent? Share your thoughts below.
Type 'Not For Print' if you wish your comments to be excluded from the Conversations column of your local paper.
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91.3% Yes
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8% No
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0.6% Other - I'll share below!
Foot massager
After a hard day or maybe a gift for someone! excellent condition hardly used as the massage chair wins everytime only selling at 80.00
Unelected commissioners recommend they stay in power
Interesting responses to my post. Two in particular piqued my interest. Suzanne Williams and her comments about whinging about everything-Suzanne it is not about whinging. It is more about raising concerns about an undemocratic regime forced on us and then seeing the commissioners wanting to keep their sinecure. Greg Reardon "I vote to keep the commissioners"-Greg the point is that you do not have a vote. Look I get it-democracy is imperfect. Some of our previously elected councillors were rubbish-ego driven and feeding from the trough (not unlike our commissioners). But it is what we have got. It is better to have an imperfect democracy than an unelected and unaccountable cartel of commissioners who say "we know what is good for you".
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