Category Archives: Newsroom
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Newsroom , Real Estate Insights
Wellington Market Update | August 2021
Will spring herald a much-needed resurgence in the number of houses for sale in Wellington? “Yes, I do believe stock levels will grow in the spring, they always do,” Tommy’s Real Estate Sales Director Nicki Cruickshank says. “If they do remain low it will simply keep the prices high, with demand higher than supply.” The [...]
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Wellington Market Update | July 2021
The soon-to-open Transmission Gully is driving up the value of Kapiti Coast properties. The Real Estate Institute of New Zealand reports the median price of a house in the district jumped 39 percent year-on-year, from $647,500 in May 2020 to $900,000 – which was just shy of April’s recording-breaking $930,000.
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Wellington Market Update | June 2021
The low number of houses for sale in Wellington is keeping prices high as temperatures drop. “The Wellington market is heading into the seasonal ‘slow down’ we always get in winter but there is still high demand,” Tommy’s Real Estate sales director Nicki Cruickshank says.
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Wellington Market Update | May 2021
NEW GOVERNMENT policies to try to take the heat out of the housing market are having mixed results, Tommy’s Real Estate Sales Director Nicki Cruickshank says. “There are some signs of change, with definitely fewer people in the market — there’s been a drop-off in both investors and first-time buyers.
Read moreTommy’s Real Estate is going even greener for its latest community campaign
TOMMY’S REAL ESTATE is going even greener for its latest community campaign. The agency’s signature green colours are as synonymous with Wellington as Te Papa and Cuba Street. But with the launch of its Trees That Count campaign, they’re about to shine brighter than ever. “Whether you request an appraisal, or buy or sell a [...]
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Wellington Market Update | April 2021
THE DEMAND for Wellington homes will continue to outstrip supply over winter but one of the capital’s top real estate expert expects prices to stabilise. “The Wellington housing market continues to move along,” Nicki Cruickshank, Sales Director of Tommy’s Real Estate, says. “It’s still a good market but I would suggest the rate of growth [...]
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Wellington Market Update | March 2021
MARKET COMMENT AS AT 15th March 2021 The latest statistical information released by the Real Estate Institute of NZ (REINZ) confirms Tommy’s analysis that the market is still moving at pace and that sales are being recorded at unprecedented prices and in record breaking numbers.
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Wellington Market Update | February 2021
MARKET COMMENT AS AT 24th FEBRUARY 2021 The Real Estate Institute of New Zealand (REINZ) report that despite most New Zealanders taking a summer holiday in January, the housing market was busier and more buoyant than we would usually see at this time of the year. In most areas, house prices have continued to rise, [...]
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