Category Archives: Real Estate Insights

Newsroom , Real Estate Insights

Despite the restrictions imposed on the real estate industry during the level 4 lockdown, we continue to hear reports of real estate transactions taking place. Tommy’s Real Estate have continued to meet the needs of some buyers and sellers during this time albeit at a lower level than normal. Today’s technology makes this possible with [...]

Newsroom , Real Estate Insights

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 [...]

Real Estate Insights

As we all know, the rampant market of the last year or two has been kind to homeowners, many of whom have accrued considerable financial gains simply because they happened to own a property during these unprecedented times.

Real Estate Insights

We doubt that anyone could have predicted the huge increase in residential property prices that we have witnessed in the last two years or so. Neither our learned economists nor real estate market commentators nor those of us employed in the industry

Newsroom , Real Estate Insights

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.

Real Estate Insights

They say that all publicity is good publicity but is that correct? Sadly, real estate agents do not always receive the accolades that go hand in hand with good service, yet any industry indiscretions are seized upon as being newsworthy by the media. From our perspective, media coverage is not always balanced, and the reality [...]

Real Estate Insights

The last 12 months or so has been unique in the world of New Zealand real estate. A time when we have witnessed changes that most of us could not have foreseen. Record prices have been recorded in every town, city and province, the time taken to sell has reduced from months to days, or [...]

Newsroom , Real Estate Insights

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.

Real Estate Insights

Most people working in a management or a supervisory role or in human resources will agree that recognising and acknowledging outstanding performance in the workplace is of the utmost importance. Some may say that workers are adequately rewarded on pay day but there is ample evidence to say that top performers will make an even [...]

Real Estate Insights , Wellington

MARKET COMMENT AS AT 21st MAY 2021 Tommy’s best gauge of market trends is based on our own sales figures which continue to tell us that demand for good property remains strong. Currently, there is little evidence of prices falling although the Government remain confident that changes made recently to the Brightline Test and to [...]

Newsroom , Real Estate Insights

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.

Real Estate Insights

There is a well-known saying, ‘the only thing that is constant in life is change’. How true this is, and those who have been around for a few years will be able to recall a multitude of unforeseen changes that have occurred in their lifetime. The real estate industry and housing generally, are not exempt [...]