Firstly a quick thank you to those who reached out with a potential property coming to the market soon for some buyers who were urgently seeking a home to call there own. I’m happy to inform you we were able to connect the dots, facilitate the sale and now we have some very happy buyers […]
17 Weka Street, The Wood is this weeks little Gem! a re-development or renovation opportunity close to town. Yes, it’s that once in a blue moon chance; where a large, flat section with an old home on the city fringe in The Wood, ripe with options becomes available. The 2-bedroom 1950s house is past its best, but the 675m2 section and the location screams “opportunity!” […]
Hello 2020! We hope you all had a safe and happy holiday break enjoying this beautiful Nelson sunshine. We are straight back into it and excited to start the New Year with some amazing new Properties for you. The first one of the year is 4 Pepper Tree Way in The Wood. If you crave inner […]
Novembers statistics will be out over the next couple of days and I’ve been reflecting on Octobers data. We’ve noticed properties aren’t taking long to sell which is great if you are wanting a quick sale, but dangerous if you don’t have the right marketing strategy or sales person to get the best possible price […]
This weekend sees the last open home for 1/63 Halifax Street, Nelson. The home’s location is pretty perfect if you’re wanting inner-city living. Two minutes’ walk to town and even less to get across the footbridge to the Riverside pool.
The auction will be on-site next Wednesday, and there will be a short open home beforehand.
With the onset of Spring, we are seeing more owners wanting to get their property listed. If this happens to be you, please do call me as soon as possible to beat the summer rush.
Have a great week and we hope to see you this Sunday if Halifax Street is the home for you.
Whether you’ve seen it on the TV news, the print media, or social media, you will now doubt be aware that successive governments have been working since October 2015 to slow down the NZ housing market.
The latest piece of legislation to attempt a market slowdown comes in the form of prohibiting sales to non-resident buyers.
But there are exceptions, such as citizens and residents of Australia and Singapore being able to still buy property in New Zealand. While the current government is trying to ensure their voter base is able to buy into the market, they are also balancing the aspirations of current property owners in maintaining the value of their existing property holdings. Not an easy balancing act.
As with any change, there’s some caution on the part of buyers. The question I keep hearing is, will this turn the market?
In short, the answer is “Not in my view”.
Migrants into New Zealand on a resident visa can purchase property and with net inflow migration still at high levels, there is nothing to suggestion we are close to building sufficient houses to accommodate the current demand. In addition to that, with at least one million NZ passport holders overseas, they can return at any time and buy property – we’ve been watching that process occur for decades.
If I were asked what effect this will have on the market, looking back at the last 21 years in this business, I’d say the answer is “Very little”.
Our new listing at Halifax Street, Nelson is having it’s second of three open homes this Sunday – we look forward to welcoming you there.
Have a good week and do enjoy this lovely Spring weather.