Written Sales Trend Upward

In the latest edition of Harcourts MarketWatch it is interesting to note that with the exception of the Wellington region, all other regions benefited from and increase in written sales for the month of January. While January can be a fickle month (obviously Wellingtonians stay on holiday longer) there is unquestionably a positive trend emerging indicating higher levels of confidence throughout the country.

Harcourts CEO Hadyn Duncan states:

With a severe shortage of homes already in the main centres and no significant lift in new building consents, the competition for existing homes will continue to drive prices up further. Our property investor clients are also going to see continued strength in rental prices with the same issues prevailing.

The writing is clearly on the wall and confidence is returning to the overall national marketplace.

Signs of high demand for rental property…
As we know here is Christchurch demand for rental property has been unprecedented and at levels higher than has been seen for some years. This includes feedback of up to 40 people queuing for the same property, rising rents and the lack of supply in some high demand locations.

Personally, I have received a number of enquiries from investor clients who are beginning to show interest in extending their property portfolios. They are seeing the opportunities that Canterbury provides, especially so now with the rebuild beginning to regain momentum. It is my professional opinion that, bar any “major events” Christchurch is poised to begin a huge growth phase, with every indicator pointing to some strong capital growth over the coming years. Certainly worth thinking about and now is the time to take action before we see a hike in property values. The Property Investors’ Association website also makes for some interesting reading.

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About Peter Griffioen

Peter Griffioen - or simply Griff to those who know him - has an established reputation as a high-producing Harcourts Canterbury salesperson. With a focused approach to customer service you can rest assured that you are in good hands, whether it be a relaxed chat about the state of the market or an in-depth discussion regarding your next property transaction. The key advantage of engaging Team Griff’s services is their local knowledge and experience. Currently in this post-seismic era, it is vital to have true professionals working on your behalf, ensuring that you are guided through the process professionally and with a caring approach. The advent of the ‘as is, where is’ market means specialised expertise are required and Team Griff has taken it on themselves to both understand and explain the pros and cons of this now accepted sale/purchase option. For over 26 years the Griff brand has become synonymous with achieving results. Griff now prides himself with his five member team and takes much satisfaction from empowering them to both achieve and reach their own goals. A team with a proven track record placed with the highest ranking Harcourts Million Dollar Club members, exceeding the $275m level. Such accomplishments highlight the team’s exceptional marketing and negotiating skills. Team Griff are recognised as industry leaders for their online presence and regular blog posts of current and relevant real estate information. E-marketing and readily available property specific detailed info means Team Griff’s clients have the edge when it comes to selling their homes, not forgetting purchasers who benefit first hand. A simple Google search says it all – the Griff brand ranking with the most frequent. Griff’s life focus extends beyond business, with quality time and fun being high priorities, while mountain biking, boating and fishing provide that vital time out. His Christian faith is his anchor for daily living, and his community is important to him. For a team approach to optimize the result for your next property transaction, be sure to talk to this award winning team - synonymous with hard work and results! Griff and his trusted team welcome your enquiry today.

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