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
Lest we forget...
On this ANZAC Day, let's take a moment to remember and honor the brave men and women who have served and continue to serve our country.
Tell us who are you honouring today. Whether it's a story from the battlefield or a memory of a family member who fought in the war, we'd love you to share your stories below.
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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8.3% No
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0.5% Other - I'll share below!
Good Warm Home Loan ANZBank
Just advising that anyone who is renovating should apply first this loan - even if they don’t need it. With the escalating costs AND hidden problems that you may come across you can go well over your budget and find this 1% interest loan useful. It is for 3 years and specifically targets items like double glazing
You don’t see this Ioan on the front page of there website and have to read carefully terms ad conditions.
If anyone has had success in getting their loan halfway through their renovation I would love to hear from you
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