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OCR cuts to 2.5%, a 50-basis point cut which was more than what people had been anticipating. This is welcomed news as it will surely boost confidence in decision making around buying, but the rationale behind the cut (a reduction that exceeds the last 3), is loosely based on the market pressure around how slow the economic rebound has been. Why this is important is that it speaks to the current economic climate and how people are feeling about it. What we have been experiencing and hearing anecdotally is that people are still being very cautious not to overspend and making buying decisions comes with a lot of analysis around personal finances and stability. That said, it is clear that confidence is building, and my sense is that the market is aligned with that, and price expectations are becoming more aligned with the market. Buying opportunities continue to grow as a result, so let’s make sure we are connecting and talking about the options available so we can help with your next move.
New listings this week
72 Raupare Road, Twyford – A fantastic, easy-care lifestyle so close to town. Set in established grounds with superb large shedding and home orchard. The tidy 1960’s family home comprises three bedrooms, two living areas plus office. Be sure to put this on you open home viewing list for this Sunday 12 October 3.00 to 3.30pm
1415 Maraetotara Road, Maraetotara - If you're looking for a fully renovated home on a few acres with space to make your own, this property is it. Relocated and thoughtfully upgraded, the home has been finished to a high standard, originally renovated for the owners themselves it has the feeling of a new house. Set on 2.3 acres, the land features unique limestone rocks and plenty of space for children to play and explore. The school bus also passes the gate, making it ideal for families.
HL214385 - 21 Albany Lane, Havelock North - 11:00am to 11:30am (please let us know if you will attend)
HL198598 - 458 Apley Road, Puketapu - 12:30pm to 1:00pm (please let us know if you will attend)
HVU212429 - 72 Raupare Road, Twyford - 1:00pm to 1:30pm (please let us know if you will attend)
HL203444 - 20 Wheatley Road, Waiohiki - 1:45pm to 2:15pm (please let us know if you will attend)
NU202485 - 11 Kaimata Road, Bay View - 2:00pm to 2:30pm (please let us know if you will attend)
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