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
Caring For You Like Family
91-year-old Dora is a rest home resident at Ryman.
Between family gatherings, bus trips and village activities, she certainly enjoys a full life. With the many friendships she’s made, the caregivers and village staff have become an extension of her family.
Hear about Dora’s experience living in a Ryman community.
Share your New Zealand music memories...
It's NZ Music Month and New Zealand really has some beautiful songs from artists that we call our own.
Whether it's April Sun in Cuba, Don't Forget your Roots, or How Bizarre or Bic Runga's 'Sway' - songs have a way of unlocking memories and evoking old feelings.
In honour of NZ Music Month, share a New Zealand song or artist that is special to you and explain why.
Type 'Not For Print' if you wish your comments to be excluded from the Conversations column of your local paper.
Tauranga Council-private cocktail party
So-here is the latest news. The Council is to host a private cocktail party on the waterfront (not that private then) for 150 invitees to celebrate the city's transformation and progress. The list of invitees is secret (nothing new in that with the track record of the commissioners). Can Council and the commissioners be any more tone deaf? Having a cocktail party with, I assume, canapes when :
1. We are facing a 7% rates rise in a cost of living crisis.
2. Businesses have closed because of the "progress made"
3. We continue to to suffer significant inconvenience in "orange cone
city".
4. We have 4 commissioners who tried to subvert democracy by
asking to remain as unelected overlords at Council.
But really-a private cocktail party? On the waterfront? With, presumably, gates and security guards patrolling to prevent the riff raff getting in. Tone deaf.
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