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 [...]
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 [...]
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
The soon-to-open Transmission Gully is driving up the value of Kapiti Coast properties. The Real Estate Institute of New Zealand reports the median price of a house in the district jumped 39 percent year-on-year, from $647,500 in May 2020 to $900,000 – which was just shy of April’s recording-breaking $930,000.
They say that all publicity is good publicity but is that correct? Sadly, real estate agents do not always receive the accolades that go hand in hand with good service, yet any industry indiscretions are seized upon as being newsworthy by the media. From our perspective, media coverage is not always balanced, and the reality [...]
The last 12 months or so has been unique in the world of New Zealand real estate. A time when we have witnessed changes that most of us could not have foreseen. Record prices have been recorded in every town, city and province, the time taken to sell has reduced from months to days, or [...]
The low number of houses for sale in Wellington is keeping prices high as temperatures drop. “The Wellington market is heading into the seasonal ‘slow down’ we always get in winter but there is still high demand,” Tommy’s Real Estate sales director Nicki Cruickshank says.
Most people working in a management or a supervisory role or in human resources will agree that recognising and acknowledging outstanding performance in the workplace is of the utmost importance. Some may say that workers are adequately rewarded on pay day but there is ample evidence to say that top performers will make an even [...]