Introducing… The Property Channel Never been a better time to buy?

When looking at the housing market, or anything in life for that matter, you can choose a glass half full or glass half empty attitude. At Channel, the glass is always (at least) half full; we are all about supporting Shore people, business and charitable organisations to see the best in local life. And, of course, this includes the local property market. We’re therefore getting behind local residents and agents wanting to sell their homes, with a new addition to the Channel fold – The Property Channel.

Here, each month, we’ll showcase some of the impressive North Shore homes on the market and the agents working on behalf of homeowners to sell them. Everyone’s situation is unique, and homeowners and buyers choose to work with different agents for a variety of reasons. Finding a good fit is crucial, not only for sales success, but a smooth and efficient sale.

With national and regional property prices having declined since their (surprising to many) late-Covid pandemic high, the time could be said to be ripe for those keen to buy while we experience a sale price dip.

Data from the New Zealand Property Report, by realestate.co.nz, suggests that average asking prices may have hit the low point following the turbulent past few years. After peaking in January 2022, average asking prices steadily decreased until a slight lift in March this year. Since then, prices have maintained this level and remain steady.

Property spokesperson for realestate.co.nz Vanessa Williams says the pandemic, inflation, rising interest rates and recession fears have all impacted the New Zealand property market:

"I suspect we may have reached a so-called 'bottom' of this trend or, at the very least, a turning point. But we will have to watch what happens in the coming months to know for sure."

So, the housing market may now have bottomed out, but average asking prices are still up 22.5% on pre-Covid-19 levels.

Despite negative press, average asking prices are still above what they were pre-Covid-19 – up 22.5% on pre-pandemic levels. This can be viewed as good news for property owners concerned about shrinking equity.

"Typically, property isn't a short-term investment. Looking back over the last 16 years of our data, no matter what's happened economically, average asking prices have always increased in the long term," explains Vanessa.

Welcome to our first taste of The Property Channel this month. We believe this new initiative will grow further in coming months.

If you’re keen to showcase your North Shore property in our pages, with 21,500 copies published each month, contact Liz Cannon liz@channelmag.co.nz 021 204 3395 or Kim McIntosh kim@channelmag.co.nz 021 419 468.

21 Prospect Terrace Milford

Outstanding Development Opportunity

4 Bed | 2 Bath | 2 Garage

Rory Blair 0210 0233 8073

Alistair Laurie 0274 922 156 rory@prestierealestate co nz alistair@prestigerealestate.co.nz prestigerealestate co nz

128 Churchill Road Rothesay Bay

Magnificent Seaviews, Location & Quality

4 Bed | 3 Bath | 2 Garage

1012 sqm (more or less) quarter acre level section Wide 20 metre road frontage North facing, all day sun, exceptionally private with 200 degree views over Milford's foreshore and beyond to The Hauraki Gulf, Rangitoto Island and the shipping channel

A Family Estate Realization for sale for the 1st time since 1959, includes a substantial 4 bedroom architect designed home built in 1980 that is situated at the highest point on the seaward side of Prospect Terrace

Prestige Real Estate International Ltd

Licenced Real Estate Agent REAA 2008

Rory Blair 0210 0233 8073

Craig Crosweller 0274 922 156 rory@prestierealestate co nz craig@prestigerealestate co nz prestigerealestate.co.nz

You'll be hard-pressed to find a better North facing sea view than that enjoyed from this stunning home in Rothesay Bay on Auckland's North Shore No expense was spared in the creation of this family home which was fully redesigned and renovated by well respected Synergy Homes

With a low maintenance luxurious lifestyle that will suit those at all stages of life, this home offers four bedrooms, three bathrooms, two lounges, open plan family living and kitchen, internal access two car garaging and a rear outdoor courtyard