Category Archives: Real Estate Insights

Newsroom , Real Estate Insights

Is this the season to sell your house? “With Christmas so close, there is usually good activity for houses already on the mar-ket,” Tommy’s Real Estate Sales director Nicki Cruickshank says.

Newsroom , Real Estate Insights

A year on from when the real estate market started to turn from boom to gloom, buyers and sellers can look forward to a more stable 12 months. That’s the view of Tommy’s Real Estate Sales Director Nicki Cruickshank.

Newsroom , Real Estate Insights

The housing market has suffered one of its worst winters on record, with Wellington being the hardest hit, but buyer interest is rebounding.

Newsroom , Real Estate Insights

Spring is in the air but are sunnier days ahead for the housing market?

Newsroom , Real Estate Insights

It’s been a month of troubling headlines about the housing market, from CoreLogic re-porting the largest quarterly house price fall since the Global Financial Crisis to the number of new mortgages hitting rock bottom to forecasts of more price falls.

Newsroom , Real Estate Insights

More buyers are making their offers conditional on selling their own homes first — but risk missing out if vendors counteract with a ‘cash out’ clause.

Newsroom , Real Estate Insights

Is now a good time to sell? This is a question that is regularly directed at real estate agents. The current state of the economy and the negativity emanating from all branches of the media is no doubt a deterrent to some homeowners selling on today’s market, but sales are still taking place. Irrespective of the market conditions there will always be people transferring or moving house for employment or family reasons so there is no right or wrong time but simply a challenge to make the most of whatever the current conditions may be. We list below some thoughts that may assist in a home seller’s decision making.

Newsroom , Real Estate Insights

The waning popularity of buying off the plans means there are prime opportunities for first-time buyers and investors willing to speculate on townhouses and apartments, Tommy’s Real Estate Sales Director Nicki Cruickshank says. “Buying off the plans has really fallen with the loss of investors and first-home buyers, the two main groups who have bought off the plans in recent years.

Newsroom , Real Estate Insights

Homeowners are adjusting to a “new market” that’s led to a “spring rush” of listings and the re-emergence of first-time buyers. “It’s hard to start thinking about a winter market when we have had the most amazing weather but what we have noticed is a large amount of properties coming to the market in May,” Tommy’s Real Estate Sales Director Nicki Cruickshank says. “It’s almost like a ‘spring rush’.

Real Estate Insights

Entering into a legal contract of any description is unlikely to be a regular occurrence for most of us so there will be times when it is prudent to obtain expert advice before entering into a legal and binding contractual relationship. Buying or selling a house or commercial property is no exception and unless you are familiar with this process, we recommend the involvement of specialist legal consultation in particular. If the property is an investment property, there are additional considerations pertaining to taxation and tenancy laws that a new buyer should be aware of. In this blog post, we will briefly cover some areas in the buying and selling process you may need to seek advice on.

Newsroom , Real Estate Insights

Wellington house prices have fallen since Christmas but are still probably 20 per cent higher than this time last year, Tommy’s Real Estate director Nicki Cruickshank says. “It feels to us that the market may have corrected somewhere between 5-10 per cent since the end of last year. A lot of sellers have rushed to market hoping to catch the peak but that ship has sailed.”

Real Estate Insights

Everything, from COVID to inflation to lending policies, is impacting the market, Tommy’s Real Estate Sales Director Nicki Cruickshank says. “The level of COVID in Wellington has made the city feel like a lockdown over the past couple of have weeks and numbers been well down at open homes, but we expect this to improve in the coming weeks.