E grayson.furniss@mikepero.com W www.mikepero.com
Welcome
Congratulations to all those parents out there who have just survived another winter school holiday. I am sure the rest of you will appreciate what a difficult time this can be. We were fortunate enough to have some time away in a warmer climate, although it seemed like half of NZ had the same idea. I also understand that some of our readers have been enjoying time on the snow, I am envious, maybe next winter. You will all no doubt be feeling the days getting longer if not terribly warmer just yet. It certainly feels like we are on the downhill run into summer, lets hope for a good one!
Market Update
More of the same, yet slightly different? Prices remain under upwards pressure, although we did see a slight drop(1%) in the average sales price in June. This was still up by 12% on June 12. More significant for the market outlook is the continued reduction in stock numbers, with listing numbers down again and net migration continuing to increase. So less market supply and seemingly increasing demand. Of course these market pressures have been well recognised by the RBNZ and Government, with the former set to introduce a scheme to restrict low equity borrowing and the latter trying to address the supply problem. The low equity borrowing restrictions will likely be a short term issue, with non-bank lending, parental assistance and other schemes already available to bridge the gap (if you want to know more please contact me). The Government's attempts to increase supply look likely to take years to have any real effect. So the reality is that there is unlikely to be a better time to buy or sell than right now, with interest rates low and demand outstripping supply. If you dont own right now, then get in soon, if you do own then talk to us about buying an additional property.
So ld
A little humour......
1. Tell your friends about us, or let us know if you know someone who is thinking about selling. 2. Like our Facebook page www.facebook.com/ GraysonFurnissRealEstate. 3.Let us know what we did that you liked (or didn't), we are constantly looking for ways to improve our service!
DESIGN
PRINT
Treehouse
Print PO
Box
14,
Waitakere,
Auckland
0614 09
810
8609 www.treehouseprint.co.nz
Our fees are 2.95% to $390,000, thereafter reduce to 1.95% + admin fee + GST. The opinions in this newsletter are that of the writer alone and not necessarily that of Mike Pero Real Estate Ltd. We accept no responsibility for any errors or omissions. While the intention of this newsletter is to inform and entertain, information provided should not be considered to be investment advice and any reader is advised to seek professional, technical and legal advice before making any major commitments.
Featured property
On-site Sunday 4 August 4:30pm (unless sold prior)
51 Glendale Rd, Glen Eden
"We have both bought and sold through Grayson Furniss and come the sharp end of negotiating a deal we found his attentive support, objectiveness and professionalism both
2*
reassuring and providing of clarity. We would be willing to recommend Grayson to others." M & R Bray.
redecorated with new carpet, tiles, light fittings, fresh paint inside and out * 2 additional spaces ideal for work from home, family or media room * freestanding house on freehold title, flat easy care, fully fenced * numerous outdoor living options including massive rooftop deck * internal access double garage with large workshop space * ample off street parking plus space for caravan or boat * easy walking distance to local shops, parks & public transport
August Recipe
When space allows we will feature a tasty recipe for readers to try.
Thinking of selling?
You could be thousands better off with us. You get my proven experience, our fresh approach and standout marketing, plus the bonus of a more sensible fee. For a Free appraisal or to Sell, contact me today! Real estate fees typically start at around Instead ours start lower at and reduce to*
4.00%+gst 2.95%+gst
1.95%+gst
*Our fees are 2.95% to $390,000, thereafter reduce to 1.95%, + admin fee+GST.