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The Tide is Changing


Victoria Day – Harcourts Pukekohe


Auckland had a median house price of $1,200,000 in March 2022 — a 6.7% increase year-on-year although there is evidence that this is starting to slow. Buyers continue to struggle with accessing finance and are awaiting further changes to the CCCFA to be implemented due the 1st of June. Banks will hopefully be able to get on the same page about the implementation of the rules. If you are buying use a mortgage broker as there are still banks out there are even providing greater availability than we have seen in more recent times to low deposit lending. This, along with an increase in stock levels, has seen properties spend longer on the market and the number of sales decrease by 41.0%.

Vendors are still aiming for the high prices achieved toward the end of 2021 and buyers are weighing up the impact of prices continuing to ease and rising interest rates. Despite auctions seeing less attendance and fewer bidders, it remains a popular method of sale and many are receiving unconditional offers once they are priced. Auctions continue as a positive option for prepared and cashed up buyers.

If you are looking to sell or buy then give Victoria a call – she is the key to your next Adventure


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Pukekohe
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elocal Digital Edition – May 2022 (#253)

elocal Digital Edition
May 2022 (#253)


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