Dear Wellington Property Owner,

We look upon the election as a time when real estate generally takes a backseat to the changing political or policy environment. With the outcome that we saw on Saturday night with a government now that will govern alone there is a clear policy mandate that will provide for fiscal responsibility while ensuring those who are ambitious will be given an opportunity to make progress within the property market.

It has been a week where data released by the Real Estate Institute shows there is a continued increase of property prices across all regions in New Zealand and there is also a depth of buyers who continue to provide momentum into the market, which is giving sellers premium prices.

There are several factors creating the momentum in the market. Firstly, the long-term forecast of low interest rates and affordability around the purchasing of property and the repayment schedule aligned to potential capital gain. Secondly, the number of first home buyers coming into the market has increased significantly as they take their opportunity to consider purchasing at interest rates that are the lowest on record, starting from 1.99 per cent.

Right now is the time for us to talk about the potential of your Wellington home, contact us anytime halina@wellingtonresidential.co.nz or call 0212263917

19 October 2020

Right now is the time for us to talk about the potential of your Wellington home, contact us anytime halina@wellingtonresidential.co.nz or call 0212263917