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
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Tauranga Council-private cocktail party
So-here is the latest news. The Council is to host a private cocktail party on the waterfront (not that private then) for 150 invitees to celebrate the city's transformation and progress. The list of invitees is secret (nothing new in that with the track record of the commissioners). Can Council and the commissioners be any more tone deaf? Having a cocktail party with, I assume, canapes when :
1. We are facing a 7% rates rise in a cost of living crisis.
2. Businesses have closed because of the "progress made"
3. We continue to to suffer significant inconvenience in "orange cone
city".
4. We have 4 commissioners who tried to subvert democracy by
asking to remain as unelected overlords at Council.
But really-a private cocktail party? On the waterfront? With, presumably, gates and security guards patrolling to prevent the riff raff getting in. Tone deaf.
Wanted Working Infared Heat lamp
Hi I am looking to buy an infrared heat lamp on a small stand in working order as cannot locate any in retail stores anymore. Yr welcome to text me on 0274951499 thanks Phil
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