Category Archives: Real Estate Insights

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 [...]

Real Estate Insights

As the curtain falls on 2021, it is an appropriate time to look at the year in retrospect, to reflect on the real estate market and the factors that have made it a year with a difference. Many of us will be diverting our attention towards Christmas festivities, family time and holidays after what has [...]

Real Estate Insights

Real Estate Insights

Historically, the summer season has been one of the busiest times of the year in real estate interrupted only by the brief annual Christmas shut down which will soon be upon us once again. This year appears to be progressing along similar lines as we continue to transact residential real estate sales in good numbers [...]

Real Estate Insights

Out of all the seasons, Spring and Summer must be the most popular. This is due in part to the warming weather, offering hope and anticipation for balmy summer evenings after a long dreary winter. My favourite part of the changing of seasons is watching the most beautiful flowers pop up and seeing life returning [...]

Real Estate Insights

Each month, the Real Estate Institute of NZ (REINZ) reports to members and to the general public on the state of the real estate market, and it provides commentaries and opinions based on sales activity for the previous month. The information provided is useful for comparison with our own sales patterns and results, and it [...]

Real Estate Insights

Wellington’s housing market continues to steam ahead but choosing the right time to list your home is pivotal to getting the best price for it. “If you are looking to sell prior to Christmas, you really need to have your home on the market by the first week of December at the latest,” Tommy’s Real [...]

Real Estate Insights

There is no doubt that life has become somewhat easier for Wellingtonians under Covid level 2, but it is very apparent that the threat of Covid is not going to go away in the short term. The last couple of months or so has been a difficult time for those needing to make life-changing personal and [...]

Real Estate Insights

Each month, the Real Estate Institute of NZ (REINZ) releases a report that analyses the latest trends in the residential, rural and lifestyle real estate markets. This sales data is supported by comments from the REINZ CEO including opinions and projections of the future. Tommy’s main interest of course, is in our specialty area, residential [...]