Yet again the sales team have had a record month with the highest volume of sales ever! As each listing comes in, it is straight out the door. We are having multi offers on most apartments and no sign of the market slowing down from our end.
The team has grown, and we were thrilled to attend the REINZ awards and walk away with two Sales winner’s awards. This was a huge validation for what we have been doing, along with the countless messages of praise we have received from buyers and sellers alike
This month some of our vendors have found great success in professionally staging their apartments prior to sale. We have made a couple of case studies, so let us know if you would like to see.
A lot of changes are coming our way over the next couple of months with the proposed alterations to lending rules handed down by the Reserve Bank.
Westpac has reduced the deposit required for purchasers to 15% for any apartments over 50 sqm, and other banks are set to follow suit by October. On the other hand the deposit for investors has been increased to 30% for any Auckland property purchased.
October will be interesting for us with the introduction of what is effectively a capital gains tax on any investment properties sold within two years of purchase.
With all the changes we still believe now is a good time to review your portfolio.
Happy to discuss your plans anytime.
Feel free to get in touch !