We pride ourselves on being a one stop shop and it is a pleasure when we can back this up by helping the Impression family add to their portfolio.
It is hard to believe another year has passed, and a successful year at that! This Christmas marks the Sales Team’s 5th year at Impression and it has been a big one. The team now consists of 10 people and activity continues to increase. Our market share has grown considerably and it was exciting to have this recognised at the REINZ awards where we won Rising Star Highest Volume of Sales and Rising Star Highest Gross Commission.
2015 has been the hottest year in the Auckland property market since the sales team began and this brought many changes as the government tried to get it under control. The deposit required for Auckland investors has increased to 30%, but decreased to 15% for first home owner occupiers entering the apartment (or property) market. Several tax implications were brought in, such as a capital gains tax, and the requirement for anyone buying property in New Zealand to hold a NZ bank account and NZ (and other) IRD number.
Despite road blocks it is has been business as usual for our sales team. These changes have not turned buyers off because the reasons to own Auckland apartments remain the same. Rents are rising, interest rates are the lowest they have been in decades and Auckland’s capital growth continues to be the highest in New Zealand.
A highlight this year has been the opportunity to sell some of our existing Impression property management clients their 2nd, 3rd or 4th property. We pride ourselves on being a one stop shop and it is a pleasure when we can back this up by helping the Impression family add to their portfolio.
Thanks to those who have trusted us to buy and sell. We appreciate all your happy feedback.
If you are having a think about plans for your portfolio feel free to bounce your ideas off us, anytime!
Merry Christmas and a Happy New Year from the Sales Team. We look forward to an even more successful 2016!
Impression Real Estate