Here we go! Springing in to the Summer Frenzy
It feels like we're being released from hibernation lock down winter in to a full blown frenzy of summer and trying to get it all done before the big guy in the red suit arrives and everyone goes to the Coromandel!
We held our last Live Virtual Open Homes on Sunday at 10.30am. Gavin has loved showing you through the properties from the comfort of his lounge to your lounge, but alas he has to get out of his tracky bottoms and put on a suit to meet you each day at properties.
In Level 3 we can show two groups through properties per day. This has to all be by appointment; Michelle is the gate keeper of appointments and making sure you get a time and one of the team to show you through. Please know there are NO Open Homes in Level 3. The only way you can go through any property is by appointment with us. We are scheduling them now and the spots are filling fast. Last year people missed out as buyers were making pre-auction offers.
This FOMO market was seen last Level changes and is showing it will be similar again this time. SO if you're interested in a property, even just a smidgen, get on the phone to the team and book in for a viewing. With net migration reversed there has never been a time in NZ history where the pressure for families finding homes has been so prevalent. But don't worry - we're here to help you!
As we clicked over 30 Days in Lockdown we've not only sold 2 houses but we've also created some super helpful content on the the Property and Coffee Chats. Gavin has loved sharing processes and experts to help make the property education a bit fun. In the social media world we call it edutainment.
Fishing down a Facebook feed can be a bit frustrating though - so we've put them on a YouTube Playlist for you to Binge watch! Check it out here.
Check Out Our Latest Property!
The students of Forrest Hill School sent in some amazing raps and poems about what they were grateful for in their home. It's always wonderful to see how our wee ones see the world and what they love. While we look at location, cladding and number of bedrooms, they loved how they could play in their bedrooms, the fact the cat her own door and it was fun to sit and watch Mummy cook.
We were super pleased to announce the 8 winners via video broadcast to all the students diligently learning from home this week. Each winning a HUGE Wendy Doll House. Delivery when we can permitting levels.
What Does Net Migration Have To Do With The Price Of Your Property?
On average since data collection started in 2001, the net flow of Kiwis into New Zealand has been a loss of 17,000 a year. That annual loss disappeared for the first time ever in December 2019, just before Covid hit. Then when the world was taken by the Covid storm we have seen a constant flow of people back to New Zealand. A net gain of over 24,000 people by late 2020.
This is driven by people returning, but equally the number of people leaving NZ to live abroad has halved in the last year from 40,000 in 2019 to 21,000 by mid 2020. So it’s fairly obvious what this means for the housing market right? Pressure to house everyone! Hence the 31% increase in house prices we’ve seen over the past year.
BUT, what will happen come January 2022 ( a short 14 weeks away) when then government is trialling opening up our boarders more for vaccinated people with negative covid tests? The predictions are mass migration out of New Zealand and the wages are higher abroad coupled with lower living expenses. Younger people are predicted to leave in search of more affordable home ownership on new shores. Modellers say this could be up to 70,000 people.
That could well mean the housing market will be flooded with properties desperate to sell. Now while we never have a crystal ball (let’s face it – if we had one – we’d have brought a Lotto ticket each week and be creaming it with the winning numbers!) we can see this as a viable market shift.
If you’re thinking of selling and want to take advantage of this peak, do it before Christmas and make bank. Give us a ring on 021 150 1476 to chat about your options further.
Contact us if any of these coming property's tick the boxes for you as they will be snapped up as soon as they go on the market when we're out of Level 4. We are taking bookings for a Level 3 inspection NOW.
𝗕𝗿𝗼𝘄𝗻𝘀 𝗕𝗮𝘆- 5 Bedrooms, 2 Bathrooms, 2 Lounges, Swimming Pool. An amazing property with elevated views right in the heart of Rangitoto Zone. Freehold Title.
𝗠𝗶𝗹𝗳𝗼𝗿𝗱- 3 bedrooms, 1 bathroom, 2 toilets - a tidy modernised property.
𝗙𝗼𝗿𝗿𝗲𝘀𝘁 𝗛𝗶𝗹𝗹- 4 bedrooms, 2 bathrooms, 2 toilets, 1 lounge and 1 dining - mixed suburban zone. Freehold Title.
𝗠𝗮𝗶𝗿𝗮𝗻𝗴𝗶 𝗕𝗮𝘆- 5 bedrooms, 2 garage - good size family home in a prime location. Freehold Title.
𝗛𝗶𝗹𝗹𝗰𝗿𝗲𝘀𝘁- 3 bedrooms, 2 bathrooms, 1 lounge, double garage and solar panels. Freehold Title.
𝗧𝗼𝗿𝗯𝗮𝘆- 2 bedrooms, 1 bathrooms, 1 lounge. Cross-lease unit, one of two. Excellent location and great for entry to the market.
𝗢𝘁𝗲𝗵𝗮- 3 bedrooms, 2 bathrooms, 1 lounge, double garage. Single level brick and tile. Freehold Title.
Please give us a call if you would like some more information on any of these properties.
Interest rates have been on the upwards move last week with all banks increasing their rates. The banks specials vary quiet significantly:
1 year - 2.49% - 2.85%
2 years - 2.9% - 3.25%
3 years - 3.25% - 3.55%
4 years - 3.49% - 4.29%
5 years - 3.99% - 4.59%
We would love to help you with your property needs and that includes helping you with finances - we have trusted partners that we can introduce you to.
If you are looking to sell, buy or interested in a free property appraisal of your property, please do not hesitate to contact us.
Well, what can we say - bring on Level 3. We are all fully vaccinated to be safe for you and are ready and waiting to show you through all the property's we've been busting to get live over the last 5 weeks.
It'll be an interesting time ahead. Know we're here for you and when we can the coffee's are on US!
Gavin, Michelle, Sam, Trey and Penny
P.S. Remember to Blue Your Box for Prostate Cancer this month, take a picture and send it to us and we'll make a donation on your behalf!
