If you’re considering putting your home on the market in the coming spring or summer selling season, you need to be well prepared for the demands of prospective buyers. We’re seeing a significant increase in buyer optimism right now, encouraging more owners to enter the market. It also means there’ll be plenty of competition among…
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More positive signs of a rebound in the property market have come with the release of figures from the Australian Bureau of Statistics (ABS) that show housing approvals jumped 20.6% in May. Figures for units and townhouses leapt nearly 60% (59.4%) to drive this result on the back of a disappointing April that recorded a…
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New data showing that rent revenue growth is easing is no reason for investors to pause their ambitions to either re-enter the market or expand their portfolio. Rising rents have helped many mum-and-dad investors, the core demographic of property investors, to cope with interest rate rises that began in May 2022. We’ve now had 12…
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We’re now into the second half of the year, and the Australian property market continues its rebound after months of doomsaying. Value growth stands at 3.5% for combined capital cities this year, and we’ve registered 11 straight weeks of 70%-plus auction clearance rates, based on figures to the end of June. The bellwether city that…
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A key plank in any investor’s strategy is thinking long-term about their property portfolio. While the economy has high and low cycles, a successful landlord will always stay the course, confident that real estate will continue to produce capital growth while benefiting from rental income and a few tax breaks. For potential property investors, or…
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One of the summer’s less pleasurable activities for homeowners is the endless lawn mowing. It only takes a rain shower and a few days of sunshine for the grass to look unkempt again. A popular strategy to avoid mowing is to make one of your children do it. But is that a great idea? How…
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When the number of potential buyers exceeds the available inventory of homes, it can create a competitive environment. So, to win this game, focus on sales and marketing if you want to attract multiple buyers and receive competitive offers. Photography You cannot beat great photography: it’s essential for every media channel. Don’t skimp on this,…
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Market conditions can sometimes create unique opportunities for homeowners looking to upgrade their living situation. When there’s a scarcity of available properties relative to buyer demand, it can be particularly advantageous for those considering selling their homes. In times of low housing inventory, several market indicators may reflect this shortage: Decreased sales volumes compared to…
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Popular regions around New Zealand are starting to experience a shortage of properties for sale; and that may be a positive sign for owners debating whether they should sell in the current market. Dramatic shortages are being reported in Gisborne and Hawke’s Bay, where the number of homes for sale is down 62% for houses…
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Upgrading your property, or plunging into the market for the first time, requires some strategic thinking at the moment. Shelving your property ambitions right now, and putting them to the back of your mind, will not help you capitalise on the current opportunities. While New Zealand is technically in a recession (we’ve had consecutive quarters…
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