Date: 16th Jun 2021

The New Zealand cricket team has to be top of my agenda this week as they put the English to shame. Quite incredible how our little country can compete and beat the likes of Australia, England, and India among others in this popular international game. We are always proud of how our little country punches above its weight in many areas and has to be one of the most desirable countries to live in post COVID.

The key question everyone wants to be answered is ‘when does the current market slow down or reverse?’ I do feel we are at the top of the cycle and prices should stabilize at the current levels. The last three big price moves of the previous twenty-five years all had sustained levels of zero growth. Will that happen this time? Low stock levels are a real concern for those in the real estate industry as winter takes hold and sales volumes continue to fall. If we compare the number of properties ‘for sale’ across the country from 2011 to 2021 there has been a 71% drop in property listings. We are yet to see investors releasing properties to the market, which was a government driver with their March policy changes.

Don’t forget, if you get an up-to-date marketing appraisal with Tremains before July 31st, you will go in the draw to win a fully installed heat pump or a $2,500 travel voucher.

Get in touch with one of the friendly team to find out more.

Simon Tremain