17 October 2018

September 2018 Market Wrap

With a new market dynamic in place, never before has it been more important to hire a salesperson and agency that has the skill, energy, technology, leadership and team approach to market your home for sale.


share

Silver Lining

Despite negative media sentiment about the market, the team here at Ray White Damerell Group have never been more positive.

During the month of September, Ray White Damerell Group grew its market share significantly. Which is a clear indication that the work we are doing in the community is valued.

What we do know is that buyers are still being lent money on terms that are historically soft. Combined with a falling New Zealand exchange rate, citizens who reside outside of New Zealand are able to enjoy greater buying power as they bring money out of the global economy, back to the safe haven that is New Zealand.

However, the uncertainty that has been created by:

  • Tightened lending criteria
  • Anti Money Laundering Regulations
  • Foreign ownership bans
  • Tenancy law changes
  • Public Transport Infrastructure Investment in Auckland
  • Historically high consents for homes and apartments

Has meant that prices have weakened slightly while supply of homes has increased.

With a new market dynamic in place, never before has it been more important to hire a salesperson and agency that has the skill, energy, technology, leadership and team approach to market your home for sale.

In uncertain times, and with buyers having more homes to choose from, as a vendor, having the certainty that your agent is going to look under every stone to find the right buyer for you is crucial to an exceptional result.

Select your area

  • Greater Ponsonby: Herne Bay, Ponsonby, Freemans Bay, Westmere, Grey Lynn, St Marys Bay
  • The North Shore
  • Eden Quarter: Mount Eden, Kingsland, Eden Terrace, Sandringham
  • Western Fringe: Mount Albert, Mount Roskill, Point Chevalier, Three Kings, Western Springs
  • Greater Avondale: Waterview, Avondale, Kelston
  • Greater Titirangi: Laingholm, Titirangi
Loading