Category Archives: Real Estate Insights

Real Estate Insights

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.

Real Estate Insights

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 [...]

Real Estate Insights

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 [...]

Real Estate Insights

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.

Real Estate Insights

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 [...]

Real Estate Insights , Wellington

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 [...]

Real Estate Insights

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.

Real Estate Insights

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 [...]

Real Estate Insights

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.

Newsroom , Real Estate Insights

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 [...]

Real Estate Insights , Wellington

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 [...]

Real Estate Insights

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 [...]