East Coast Bays median sales price is riding high compared to the national median sales price. Already the second most expensive place to buy a house in New Zealand, the North Shore continues to bound ahead.

In January the number of  property sales across New Zealand fell to their lowest level [Read more →]

The Real Estate Institute of New Zealand has just reported that sales of homes and residential property in January have plummeted to their lowest level in nearly two decades.

Brian Dalley, in his Market Blog, reports that while property sales appear to have screeched to a halt it’s just part of the cycle. So, what’s up with house sales on the North Shore? [Read more →]

The million dollar question that

we are asked at the moment is

“what do you think will happen to the interest rates

this year, how high will they go?”

A lot of people are uncertain about what’s happening with interest rates so they are going on the floating rate to watch and wait. [Read more →]

What will this year bring us in the property market? It is only a year since all was doom and gloom with no end to the recession in sight. Right now, it seems like we are going to have a great year! According to Alistair Helm CEO at Realestate.co.nz, sales of residential property in New Zealand were up 10% on the previous year and he predicts that there is plenty of scope for more: 

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Forrest Hill was one of the first suburbs to be developed as the North Shore began to boom in the 1960’s and 70’s after the Auckland Harbour Bridge was completed. The Northern Motorway at that time ended at Tristram Avenue, and Forrest Hill soon became a suburb of choice for families wanting convenient and affordable homes.

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Are you considering whether to  sell now or wait until the market “kicks” back in after Waitangi Day? A few of my sellers are trying to decide when to sell. We are in a good market now, maybe it will be even better in February.

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Last night marked the moment of truth for the marketing of 42/44 Spencer Road.

After 4 weeks on the market, with over 50 groups visiting the open homes it was time to auction the property. On Saturday last, a pre auction offer was made at $930,000, tempting to say the least. An offer that is close to the mark is always hard to resist. But with  half a dozen bidders patiently waiting for the auction on Wednesday the owner decided to wait. A nerve racking few days for sure but worth it in the end.

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It may seem difficult, or even daunting, but there are many advantages to buying a house at auction. When the buyer and seller meet, and the hammer comes down, the true market value for that property will have been established. It’s a proven system of success.

Buying at auction avoids the traditional offer/counter offer negotiation process. An auction is an exciting, competitive environment where everything is out in the open. You can see your competitors and keep track of each and every bid. No deals behind closed doors!

Here’s my advice!

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