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: When should the tree go up? 🎄
From what we've heard, some Christmas trees are already being assembled and decorated.
What are your thoughts on the best time to get your Christmas tree up?
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4.6% Second half of November
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43.4% 1st December
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17.6% A week before Christmas
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33.2% Whenever you wish
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1.1% Other - I'll share below
FARMERS PURCHASING
JUST A HEADS UP TO SHOPPERS. I HAVE SHOPPED AT FARMERS FOR YEARS. BUT DID NOT KNOW THAT ON THE DOCKET IS SAYS IF YOU RETURN AN ITEM THEY WILL NOT REFUND MONEY BUT GIVE YOU A GIFT VOUCHER. NONE OF THE STAFF HAVE EVER STATED THAT. I PURCHASED AN ITEM SATURDAY RETURNED IT SUNDAY AS FOUND I HAD ONE WHEN ARRIVING HOME. EXPECTING A REFUND, BUT NO APPARENTLY NOT. SO PLEASE BE CAREFUL WHEN PURCHASING AS I WILL IN THE FUTURE.
Poll: Should all neighbours have to contribute to improvements?
An Auckland court has ruled a woman doesn’t have to contribute towards the cost of fixing a driveway she shares with 10 neighbours.
When thinking about fences, driveways or tree felling, for example, do you think all neighbours should have to pay if the improvements directly benefit them?
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82.8% Yes
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14.6% No
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2.6% Other - I'll share below
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