Demand for property remains consistent to strong in most areas of Canterbury with heightened interest in the north/west of the city and North Canterbury. The prerequisite for purchasers to transact generally appears to be safety and a perception of strong land. Here at the Parklands office we successfully negotiated just over $5m dollars worth of sales for the month of May and it is interesting to note that 74% of these sales were in the eastern suburbs – a real testimony of the resolute belief of those investing in the east!
So where to now for Parklands?
Many of you will be aware that CERA has decided to stand by their decision to green-zone the parts of Parklands that were particularly hard hit by recent earthquakes. While not everybody’s desired result it, overall it does give a positive message to the buying public. Frankly, now the location and specific streets will not be stigmatised by a “red” zone nearby. Once insurance companies undertake repairs and rebuild homes in the area, this will certainly be confidence booster. Understandably some people will cash out and move while others will wait to have their properties remediated. I believe the future for the area looks positive and the lifestyle Mecca that it is will continue to win the hearts of many over.
Yes we are selling TC3 Properties
With confidence returning to the buying public, coupled with the support and belief of most lending institutes and insurers, we are transacting a good cross section of property types rated under the new post earthquake zoning categories. In fact, a recent internal survey highlighted that 34% of our sales since January were of TC3 zoning which confirms that there is a way forward and that we have the appropriate skills and procedures in order that both sellers and buyers can proceed with complete peace of mind.
Quote of the week:
“Opportunity is missed by most people because it is dressed in overalls and looks like work.”
- Thomas Edison