Category Archives: Real Estate Insights

Real Estate Insights

Out of all the seasons, Spring and Summer must be the most popular. This is due in part to the warming weather, offering hope and anticipation for balmy summer evenings after a long dreary winter. My favourite part of the changing of seasons is watching the most beautiful flowers pop up and seeing life returning [...]

Real Estate Insights

Each month, the Real Estate Institute of NZ (REINZ) reports to members and to the general public on the state of the real estate market, and it provides commentaries and opinions based on sales activity for the previous month. The information provided is useful for comparison with our own sales patterns and results, and it [...]

Newsroom , Real Estate Insights

Wellington’s housing market continues to steam ahead but choosing the right time to list your home is pivotal to getting the best price for it. “If you are looking to sell prior to Christmas, you really need to have your home on the market by the first week of December at the latest,” Tommy’s Real [...]

Real Estate Insights

There is no doubt that life has become somewhat easier for Wellingtonians under Covid level 2, but it is very apparent that the threat of Covid is not going to go away in the short term. The last couple of months or so has been a difficult time for those needing to make life-changing personal and [...]

Real Estate Insights

Each month, the Real Estate Institute of NZ (REINZ) releases a report that analyses the latest trends in the residential, rural and lifestyle real estate markets. This sales data is supported by comments from the REINZ CEO including opinions and projections of the future. Tommy’s main interest of course, is in our specialty area, residential [...]

Real Estate Insights

As was widely predicted, the Reserve Bank have adjusted the Official Cash Rate upwards by 0.25% at the latest review on 6th October 2021.This was the first adjustment to the OCR since March 2020 and will come as no surprise to most market followers. Further increases seem likely to occur at subsequent reviews. As was [...]

Real Estate Insights

Each month, the Real Estate Institute of NZ (REINZ) releases a report that analyses the latest trends in the residential, rural and lifestyle real estate markets. This sales data is supported by comments from the REINZ CEO including opinions and projections of the future. Tommy’s main interest of course, is in our specialty area, residential [...]

Newsroom , Real Estate Insights

Interest rate hikes aren’t likely to affect Wellington house prices in the short term, Tommy’s Real Estate Sales Director Nicki Cruickshank says. “Listings are rebounding as we head into our busiest season and the Wellington market is still strong in terms of prices “This is mainly due to lack of supply but also because we’re [...]

Real Estate Insights

Almost daily we are reading of record sale prices for residential dwellings throughout New Zealand with few locational exceptions to this trend. Most areas of New Zealand have recorded exceptional capital gains for those fortunate enough to be homeowners in this era. In the latest press release from the Real Estate Institute of NZ (REINZ) [...]

Newsroom , Real Estate Insights

The tight housing supply in Wellington will continue because stock was depleted during lockdown, although more home-owners are looking to sell. “We have noticed a strong increase in the amount of owners wanting to come to the market, which is good as the stock levels are so low,” Tommy’s Real Estate Sales Director  Nicki Cruickshank [...]

Real Estate Insights

It is difficult to pinpoint anything good that has come from the Covid pandemic but perhaps we should thank the Reserve Bank for maintaining the Official Cash Rate (OCR) at 0.25% at the monthly review on 18th August 2021. Despite all the early warning signs that the OCR was likely to start an upward movement [...]

Real Estate Insights

It has been well documented that the capital city’s available housing stocks have been at record low levels over recent months. The hyperactive real estate market has left prospective home buyers with a limited selection of available homes to consider, and severe competition when they do find a property that meets their needs. That is [...]