July – Sept 2018 Market Update

July – Sept 2018 Market Update

The market in Auckland remains basically unchanged over the past calendar year. The median sale price is at $850,000 which was the same as September 2017.

We have noted that the market has adopted a climate of steadiness wherein both buyers and sellers seem to be benefitting. So it is a good time to be transacting real estate with an increase in energy and activity leading up to the holiday period. There are lots of reasons to be confident in acting now with auctions brought forward, low interest rates, steady prices and days on the market.

The changes to the Overseas Investment Act come into force on Monday 22nd October which will require all purchasers of residential land, regardless of whether they are an “overseas person” or not, will need to complete a new document called ‘Residential Land Statement’.

Moving forward it is essential to prepare well for sale. For further information please give me a call to have a chat about any of your real estate requirements.

* Disclaimer: This information is being provided by the Real Estate Institute of New Zealand based on unconditional sales. Its accuracy cannot be guaranteed. Parties should rely on their own enquiries and Harcourts will not be liable for error or admissions herein. Not all sales described within this report were sold by Harcourts. The “Top Ten Sales in the Area” are the top ten properties sold by Auction from 1 July to 30 September 2018”.