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 [...]
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 [...]
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.
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 [...]
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.
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 [...]
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 [...]
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 [...]
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.