Newsroom , Real Estate Insights

Wellington house prices have fallen since Christmas but are still probably 20 per cent higher than this time last year, Tommy’s Real Estate director Nicki Cruickshank says. “It feels to us that the market may have corrected somewhere between 5-10 per cent since the end of last year. A lot of sellers have rushed to market hoping to catch the peak but that ship has sailed.”

Real Estate Insights

Everything, from COVID to inflation to lending policies, is impacting the market, Tommy’s Real Estate Sales Director Nicki Cruickshank says. “The level of COVID in Wellington has made the city feel like a lockdown over the past couple of have weeks and numbers been well down at open homes, but we expect this to improve in the coming weeks.

Real Estate Insights

Real estate is often “top of mind” with large sections of our populace and is certainly a topic that gets more than its fair share of media attention. In a nation where homeownership is the goal of most people this is hardly surprising though we are at times, receiving mixed messages about the market. We are constantly getting advice, opinions, [...]

Newsroom , Real Estate Insights

Howzat? Two top Kiwi sportsmen have joined the ranks of Tommy’s Real Estate’s most valuable players. Former Blackcap Grant Elliott is the new Business Development/Team Culture Manager and rugby player Ben Castle is the General Manager of Tommy’s new commercial real estate division. [...]

Real Estate Insights

In our fortnightly blog posts and articles in our magazine, Tommy’s has attempted to offer worthwhile real estate news and articles of real estate interest to home buyers and sellers continuously since 2006. We trust that we have been successful in this quest and that our client base has found these articles informative. Regular readers [...]

Real Estate Insights

Buying a home in Wellington has become easier because there’s now so much more choice, Tommy’s Real Estate Sales Director Nicki Cruickshank says. “This time last year we couldn’t get enough houses, and we had so many buyers on each one. But this year we have twice as many houses, and probably a few less [...]

Real Estate Insights

If we learned nothing else last year, we certainly learned how to adapt our customary business practises to accommodate the ever-present threat of Covid-19. The entire business community has had to abide by stringent rules to protect both clients and staff from the spread of Covid – a responsibility that we have accepted, and we [...]

Real Estate Insights

Tommy’s Real Estate COVID-19 Policy We remain committed to providing our clients with the best service possible during the COVID-19 pandemic. We have comprehensive COVID-19 Protection Framework & Business Function Controls that will enable us to continue to operate effectively while keeping our clients and people safe.   Our priority is the safety and well-being of [...]

Real Estate Insights

Real estate must surely rate as the most talked about topic in all forms of the media and in recent times there has been plenty to talk about. We have witnessed prices escalating at unprecedented rates in a market fuelled by cheap finance, an under supply of stock and a banking system that has been [...]

Newsroom , Real Estate Insights

Another year and no doubt a year that will provide opportunities for more people to purchase their first home and benefit from having security of tenure for their family and dependants. It is also an opportunity of course for long term savings and possible capital gains. We say long term capital gains as realistically, the [...]

Real Estate Insights

You would think fewer buyers, more listings and flatter house prices would make it easier for people to buy their first home this year. But it could be harder than ever because of tough new lending rules that are stopping even buyers with sound credit histories from getting a mortgage. “It is difficult to predict [...]

Real Estate Insights

Do the new rateable values accurately reflect what Wellingtonians can expect their homes to sell for? The Wellington City Council reports the average value of residential housing in the capital has leapt 60.4 per cent since 2018. The average house value now sits at $1.435 million and there’s not a single suburb where the average [...]