Tuesday, 22 November 2016

Manager's Comments 22-11-16

How lucky are we in Taranaki. The 2nd most desirable area in the world to visit – and we escaped any damage from the massive earthquake on the 14th. Harcourts Foundation has donated $50,000 to the earthquake affected rebuild effort, which is pleasing. A small clip on every sale here goes to the Foundation who support relief, charities, schools, welfare and sporting organizations both locally and internationally.  Our real estate market has also dodged the real slowdown and price correction happening in greater Auckland, Waikato and Bay of Plenty. We didn’t have the massive surge, so we’re not experiencing the brakes on to the same extent either. The new LVR regulations have had some affect, but not to the same extent as up north. As always, treat offers with respect and due consideration. The noose may tighten here soon too.

John Christiansen

Tuesday, 8 November 2016

Manager's Comments 8-11-16

We have anecdotal information from people we deal with in Auckland, Hamilton and Tauranga that those centers have turned from rampant sellers markets to much more subdued and balanced markets. The LVR’s imposed by the Reserve Bank have really slowed investors down. This has had an effect on the whole market slowing buyer enquiry and activity in that greater Auckland area. This situation will flow down the island and in time it will soon become evident in New Plymouth. All things being equal, it could take 2-6 weeks – but it will happen. Be prepared to move ahead of that eventuality. Treat offers seriously meantime, you don’t want to regret dismissing a good offer and selling for less in months, not weeks.

John Christiansen