Category Archives: Real Estate Insights

Newsroom , Real Estate Insights

Across the Wellington region, demand is strong, particularly within the first-home buyer range. The city fringe suburbs remain popular, as do the vibrant eastern and southern suburbs.

Newsroom , Real Estate Insights

These policy changes are designed to stimulate the housing market by encouraging more activity from both buyers and investors. They aim to inject momentum into a market that has faced its share of challenges. However, it's crucial to acknowledge the counteracting forces at play. High interest rates, for instance, significantly influence borrowing costs and affordability.

Newsroom , Real Estate Insights

While it’s true that some segments may experience a seasonal dip, we’re also seeing pockets of robust activity where some properties are attracting multiple offers. Listings remain strong in certain areas, especially those where demand continues to outstrip supply.

Newsroom , Real Estate Insights

At Tommy’s, we always continue to learn, continue to grow, and will always strive to support our community and deliver success to our customers and clients – that will never change and we are looking to lead the Wellington market for the next 25 years.

Newsroom , Real Estate Insights

“Buyer sentiment is improving, and properties priced right are selling swiftly, indicating a well-balanced market."

Newsroom , Real Estate Insights

The latest QV House Price Index report shows Wellington was second only to Queenstown for house price growth in the first quarter of 2024.

Newsroom , Real Estate Insights

There is plenty of choice for buyers right now and sellers need to make sure they put their best foot forward to capture the buyers’ attention.

Newsroom , Real Estate Insights

“Prices have settled into their new normal, lots of new stock is coming to the market and increased buyer activity is resulting in multi-offers."

Newsroom , Real Estate Insights

“We have sold more this year than we did at the start of January last year, which is a continuation of the trend from the last couple of quarters of 2023.”

Newsroom , Real Estate Insights

Tim anticipates the “positive momentum” in the Wellington real estate market will continue in 2024. “While predicting market dynamics can be challenging, we foresee a continued, steady growth in property prices, a healthier balance of new listings, and sustained demand.”

Newsroom , Real Estate Insights

Wellington’s housing market is expected to pick up post-election as buyers and sellers get to grips with new government policies that may help to stimulate activity.

Newsroom , Real Estate Insights

“At Tommy’s, we are seeing more activity across the board. Low stock levels-and-increased demand is the story of the current market.”