Tommy's Lifestyle Blog

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Real Estate Insights

The cyclical nature of the Wellington property market

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 [...]

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Real Estate Insights

Wellington Market Update | Presented by Tommy’s | February 2022

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 [...]

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Real Estate Insights

A time of change | Higher levels of housing stock and lending rules impact on the market

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 [...]

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Real Estate Insights

Tommy’s Real Estate COVID-19 Policy: Red settings of the traffic lights (COVID-19 Protection Framework) system

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 [...]

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Real Estate Insights

Advice for home buyers and sellers in the wake of the recent Credit Contracts and Consumer Finance Act changes

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 [...]

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Newsroom , Real Estate Insights

Wellington Market Comment | January 2022

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 [...]

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Real Estate Insights

Wellington Market Update | Presented by Tommy’s | January 2022

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 [...]

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Real Estate Insights

Thinking of buying or selling over the Christmas/New Year period?

The year 2021 is certainly a memorable one. We want to take this opportunity to express how much we appreciate your support this year. With your continued support, we have been able to give back to our incredible charity and non-profit organisation partners.

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Real Estate Insights

Wellington Market Update | Presented by Tommy’s | December 2021

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 [...]

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Real Estate Insights

Reflecting on 2021 and the current market trends

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 [...]

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Real Estate Insights

Wellington Market Comment | November 2021

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 [...]

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