More sales, prices rise as activity builds in the property market
With a significant increase in property listings, the rise in the total number of properties sold, and an increase in the median sale price, some buyers are holding out for the ‘right’ property while others are getting ‘into the market’ before competition rises as investors return.
This buoyancy is a positive sign that we haven’t seen for a while.
(source: REINZ February Property Report)
We are looking at the back of the government’s 100-day plan and the changes to the bright line test back to two years and the latest reintroduction of interest deductibility on investment properties for landlords
REINZ Chief Executive Jen Baird says with the combination of high listing numbers, elevated stock and shifts in the median sale price we are seeing increased activity.
Tauranga City Median Price
Feb-24 $901,500
Jan-24 $915,000
Tauranga City Sales
Feb-24. 207
Jan-24. 119
Feb-23. 170
If you want real estate advice or more info on the current market in your area give me a call - 0274 951 536
Today’s Mind-Bender is the Last of the Year! Can You Guess It Before Everyone Else? 🌟🎁🌲
I dance in the sky with green and gold, a spectacle few are lucky to behold; I’m best seen in the south, a celestial sight—what am I, lighting up the New Zealand night?
Do you think you know the answer? Simply 'Like' this post and we'll post the answer in the comments below at 2pm on the day!
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Shame on You!
This is what greeted workers at Brookfield Sallies yesterday morning. All of it looks like it should have gone straight to the tip, which is what the Sallies will now have to pay to do. Surely whoever does this has no conscience. The Sallies do an amazing job of helping people in times of need and they don't need to be spending any money they receive on doing your dirty work, especially at this time of year.
Time’s Running Out - Score Your Dream Bed Today!
Hey neighbours!
Our Boxing Day Bed Sale is still on, but it’s ending soon! If you’ve been thinking about upgrading your bed, now’s the perfect time to act.
Enjoy some of our lowest prices of the year, with limited-time promotions across a wide range of beds and mattresses.
Stocks are limited, and once the sale ends, the deals are gone, so don’t miss out! Pop in and take advantage while you still can. A better night’s sleep is waiting for you!
Find your nearest Beds4U store: beds4u.co.nz/store-locator
Browse all Boxing Day deals: beds4u.co.nz/boxing-day
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