This Week's Lifestyle Properties and Open Homes

The OCR is now at 3%, Spring is in site and listings are down (135 overall – 112 Hastings and 23 Napier).  This all brings positivity to the market and across the team, we have all felt that there has been a pickup in inquiry.  This is mainly due to their being less listings on the market, so buyers are focusing in on what is available and acting fast to secure a property.  The OCR change will ultimately flow through to lending and economists anticipate that while the benefit may not be immediate, you can view the 1-3 year rates as improving into next year so you will be able to reap the rewards if setting up a new mortgage now.  There’s a lot of property that has been around a while and only a few new listings this month so there is opportunity in the market and many are viewing now as a really good time to buy, so let’s talk so you don’t miss out.

Sold this week
342 Hill Road, Eskdale
1716 Dartmoor Road, Puketapu
639 Puketapu Road, Puketapu

Under contract
74 Longlands Road East
800 Maraetotara Road
1779 Pakowhai Road
253 Onehunga Road
39 Waitara Road