Category Archives: Real Estate Insights

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Real Estate Insights

Wellington Property Update | Presented by Tommy’s | June 2021

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.

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Real Estate Insights

Real estate is as much about people as it is about property

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 [...]

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Real Estate Insights , Wellington

Wellington Market Comment – May 2021

MARKET COMMENT AS AT 21st MAY 2021 Tommy’s best gauge of market trends is based on our own sales figures which continue to tell us that demand for good property remains strong. Currently, there is little evidence of prices falling although the Government remain confident that changes made recently to the Brightline Test and to [...]

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Real Estate Insights

Wellington Property Update | Presented by Tommy’s | May 2021

NEW GOVERNMENT policies to try to take the heat out of the housing market are having mixed results, Tommy’s Real Estate Sales Director Nicki Cruickshank says. “There are some signs of change, with definitely fewer people in the market — there’s been a drop-off in both investors and first-time buyers.

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Real Estate Insights

The Multitude of Unforeseen Changes in the Real Estate Industry

There is a well-known saying, ‘the only thing that is constant in life is change’. How true this is, and those who have been around for a few years will be able to recall a multitude of unforeseen changes that have occurred in their lifetime. The real estate industry and housing generally, are not exempt [...]

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Real Estate Insights

What are some of the more common types of property ownership in New Zealand?

One of the most misunderstood words in real estate circles is the word ‘freehold’; we hear it being misused almost daily! A freehold title is a ‘fee simple title’ – without doubt the best type of title possible.

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Newsroom , Real Estate Insights

Wellington Property Update | Presented by Tommy’s | April 2021

THE DEMAND for Wellington homes will continue to outstrip supply over winter but one of the capital’s top real estate expert expects prices to stabilise. “The Wellington housing market continues to move along,” Nicki Cruickshank, Sales Director of Tommy’s Real Estate, says. “It’s still a good market but I would suggest the rate of growth [...]

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Real Estate Insights , Wellington

Wellington Market Comment – April 2021

MARKET COMMENT AS AT 16th April 2021 Recent housing policy changes announced by government have not yet had any marked influence on a market dominated by strong and unsatisfied buyer demand. Despite the announcement of a number of new policy initiatives it has been business as usual in a buoyant and fast-moving marketplace. Tommy’s recorded [...]

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Real Estate Insights

The truth is that none of us can say with absolute certainty what the market will be in a year’s time or even by the end of 2021

In the last few weeks, the seasonal changes have been noticeable as we find ourselves getting out of bed in the mornings in the dark. This is not the start to a day that many would wish for, but it is a fact of life as we transition from summer to autumn. It is also [...]

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Real Estate Insights , Wellington

Wellington Real Estate Market Update – March 2021

MARKET COMMENT AS AT 15th March 2021 The latest statistical information released by the Real Estate Institute of NZ (REINZ) confirms Tommy’s analysis that the market is still moving at pace and that sales are being recorded at unprecedented prices and in record breaking numbers.

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Real Estate Insights

Advice for first home buyers

If the events of the past year or so have proved one thing, then that must surely be the resilience shown by the average Kiwi.

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Real Estate Insights

Tips for property investors

Much has been written and said about the plight of first home buyers who are struggling to compete in a rampant real estate market.

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