Category Archives: Real Estate Insights
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Newsroom , Real Estate Insights
Is Wellington seeing a property market resurgence?
The Wellington property market is struggling to keep up with demand thanks to an over-representation of house-hunters and an under-supply of housing stock, indicating a possible market resurgence ahead of the rest of the country.
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Newsroom , Real Estate Insights
Wellington homes are receiving multiple offers and selling in shorter timeframes | Wellington Market Update | September 2023
“At Tommy’s, we are seeing more activity across the board. Low stock levels-and-increased demand is the story of the current market.”
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Newsroom , Real Estate Insights
The Wellington housing market is shrugging off the winter blues as renewed confidence makes it a good time to both buy and sell | Wellington Market Update | June 2023
‘The Wellington winter housing market is shaping up to be similar to what we would expect to see in terms of listing numbers,” Tommy’s Sales Director Tim Clark says.
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Newsroom , Real Estate Insights
With signs of more buyers entering the housing market, this winter could be a golden opportunity | Wellington Market Update | May 2023
“With such low volumes of sales over the past 12-18 months, banks are very keen to lend,” Tommy’s Real Estate Director Nicki Cruickshank says.
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Newsroom , Real Estate Insights
Despite rising interest rates, more Wellingtonians are looking to buy their first homes | Wellington Market Update | April 2023
“I think one of the most positive things we have seen over the summer in terms of real estate is the number of first-home buyers that have returned to the market,” Tommy's Director Nicki Cruickshank says.
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Newsroom , Real Estate Insights
Will the Reserve Bank raising the Official Cash Rate this month and in April set back the housing market just as it’s starting to stabilise in Wellington? | Wellington Market Update | February 2023
At one stage it was feared the OCR would jump .75 points because of Reserve Bank fears about the rate of inflation. But economists now think it will be closer to .50 points.
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Newsroom , Real Estate Insights
What does the new year hold for the housing market after the turbulence of 2022? | Wellington Market Update | January 2023
“My only new year’s resolution is that we return to what we call a ‘normal housing mar-ket’, where people can transact without fear of missing out or fear of paying too much,” Tommy’s Real Estate Sales Director Nicki Cruickshank says.
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