Harcourts Team Group May 2019 Newsletter

MAY // 2019

Newsletter Harcourts Team Group Team Group Realty Limited Licensed Agent REAA 2008

Harcourts is the fastest growing and largest real estate group in New Zealand, with more than 900 offices across nine countries along with more than 6,600 sales consultants and a growing property management team. Please visit www.teamharcourts.co.nz for more information.

Interest Rates Lender

Flt.

1yr

2yr

3yr

5yr

Kiwibank Kiwibank Special ASB Bank BNZ – Std, FlyBuys BNZ – Spec Classic ANZ

5.65 4.80 4.94 4.84 5.14 - 4.05 4.19 4.49 5.09 5.70 4.45 4.39 4.55 4.95 5.80 4.69 4.59 4.79 5.39 - 3.89 3.95 3.99 4.45 5.69 4.39 4.45 4.55 4.95

With access to over 15 lenders, six insurers and 150 loan and insurance products, our partners at Mortgage Express can help you find a home loan, a commercial loan or an insurance policy to suit. Get in touch with Mortgage Express to find out more.

0800 226 226

WWW.MORTGAGE-EXPRESS.CO.NZ

Wellington Property Statistics Source: New Zealand Property Report - April 2019

Property Asking Price

New Listings

Down 0.2%

Down 15.3%

Housing Stock

Inventory of Listings

Up 9.0%

LTA: 17

$656, 799

1,262

639

10 weeks

New listings, holidays and Capital Gains Tax Nationally, new listings were down 9.6% compared to April 2018, with 8,944 homes being listed on the market. By contrast, total stock was up 6.1% compared with April 2018.

“The second half of April was dominated by school holidays, Easter and Anzac Day, which plays a part in the fall in new listings and in the time people had to focus on property in general,” says Vanessa.

“Most noticeably, it was the major regions of Auckland, Wellington and Canterbury which were well down on new listings in April compared to the same time last year,” says Vanessa. It was also in mid-April (17th) that Prime Minister Jacinda Ardern ruled out a Capital Gains Tax. “It’s unlikely that this had a major impact on the property market during April given the nature of the month but will be interesting to see what activity this decision drives over the next few months” says Vanessa. realestate.co.nz

While every effort has been made to ensure that the information in the publication is accurate we recommend that before relying on this information you seek independent specialist advice.