There is no doubt that life has become somewhat easier under Covid level 2, and this progression towards normality will continue as and when we move to level 1. Irrespective of when these changes occur though, it is very apparent that the threat of Covid is not going to go away in the short term [...]
It is difficult to pinpoint anything good that has come from the Covid pandemic but perhaps we should thank the Reserve Bank for maintaining the Official Cash Rate (OCR) at 0.25% at the monthly review on 18th August 2021. Despite all the early warning signs that the OCR was likely to start an upward movement [...]
It has been well documented that the capital city’s available housing stocks have been at record low levels over recent months. The hyperactive real estate market has left prospective home buyers with a limited selection of available homes to consider, and severe competition when they do find a property that meets their needs. That is [...]
Your safety matters Tommy’s Real Estate meets the Government’s criteria to safely operate in limited capacity once we move to Alert Level-3, currently planned for 1st September 2021. As this is an ever changing situation, please refer to covid19.govt.nz for up to date information.
Despite the restrictions imposed on the real estate industry during the level 4 lockdown, we continue to hear reports of real estate transactions taking place. Tommy’s Real Estate have continued to meet the needs of some buyers and sellers during this time albeit at a lower level than normal. Today’s technology makes this possible with [...]
Wellington Free Ambulance’s Onesie Day annual appeal is back and Tommy’s Real Estate are excited to don their green onesies, this time from their homes! Tommy’s are steadfast supporters of Wellington Free Ambulance and say they are proud to support a local and worthwhile organisation to continue to save lives.
Will spring herald a much-needed resurgence in the number of houses for sale in Wellington? “Yes, I do believe stock levels will grow in the spring, they always do,” Tommy’s Real Estate Sales Director Nicki Cruickshank says. “If they do remain low it will simply keep the prices high, with demand higher than supply.” The [...]
As we all know, the rampant market of the last year or two has been kind to homeowners, many of whom have accrued considerable financial gains simply because they happened to own a property during these unprecedented times.
We doubt that anyone could have predicted the huge increase in residential property prices that we have witnessed in the last two years or so. Neither our learned economists nor real estate market commentators nor those of us employed in the industry