Category Archives: Newsroom
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The Reserve Bank’s OCR cut: a boost for first-home buyers and a stable market ahead | Wellington Market Update | December 2024
With the market on the rise, buyers are taking advantage of the opportunities presented by lower interest rates and a more stable employment environment. As spring progresses, Wellington’s property market looks set for a strong season ahead.
Read moreOctober marks a record month for house sales: Tommy’s Real Estate agents optimistic about the summer market | Wellington Market Update | November 2024
With the market on the rise, buyers are taking advantage of the opportunities presented by lower interest rates and a more stable employment environment. As spring progresses, Wellington’s property market looks set for a strong season ahead.
Read moreWellington’s housing market heats up: price rises and spring surge spark renewed buyer interest | Wellington Market Update | October 2024
With the market on the rise, buyers are taking advantage of the opportunities presented by lower interest rates and a more stable employment environment. As spring progresses, Wellington’s property market looks set for a strong season ahead.
Read moreNewsroom , Real Estate Insights
Is now the right time for first-time buyers to enter the housing market? | Wellington Market Update | August 2024
Across the Wellington region, demand is strong, particularly within the first-home buyer range. The city fringe suburbs remain popular, as do the vibrant eastern and southern suburbs.
Read moreHistoric wins – the icing on Tommy’s birthday cake | REINZ Awards 2024
For the first time, we won the Real Estate Institute’s Community Service Award (Small) and Sustainability Award as well as the Individual Residential Salesperson of the Year (Sam Newble). “To win an award at any time is very humbling and to be recognised for the support in the community is very, very special,” Tommy’s chief executive Ben Castle says.
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How policy changes could impact Wellington’s housing market | Wellington Market Update | July 2024
These policy changes are designed to stimulate the housing market by encouraging more activity from both buyers and investors. They aim to inject momentum into a market that has faced its share of challenges. However, it's crucial to acknowledge the counteracting forces at play. High interest rates, for instance, significantly influence borrowing costs and affordability.
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The housing market remains dynamic and diverse despite the onset of winter | Wellington Market Update | June 2024
While it’s true that some segments may experience a seasonal dip, we’re also seeing pockets of robust activity where some properties are attracting multiple offers. Listings remain strong in certain areas, especially those where demand continues to outstrip supply.
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Go-getting Tommy’s unstoppable at 25
At Tommy’s, we always continue to learn, continue to grow, and will always strive to support our community and deliver success to our customers and clients – that will never change and we are looking to lead the Wellington market for the next 25 years.
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