http://youtu.be/NJtNqQJulBs Click on the link for my latest Video Blog !!! Have a great weekend
My experience is that TC3 are selling slower, but still definately selling. I sold one a few weeks back and currently have one under offer. http://www.facebook.com/pages/Louise-McLeavey-The-Award-Winning-Agent/178618402190577 Click here to see the latest Press article.
Home from Honeymoon and rearing and ready to list. View my latest video Blog here: http://youtu.be/FDp-Y1CxHHk
I am making steps to look into this further for my clients. Will keep you posted.
The housing market has seen a midwinter pick-up according to two sets of real estate figures, but is not in a boom despite the median house price hitting a new record median price in June.
Keen home buyer interest in Auckland and Christchurch – which together make up about half of national activity – drove the national median price up 3.3 per cent from a year earlier to $372,000, the Real Estate Institute said.
However, REINZ chief executive Helen O’Sullivan cautioned that the apparent strength of the market was still far from reaching the boom years of the mid to late nineties.
“The overall pattern for the rest of New Zealand shows improvement in sales volumes, with prices on the whole steady rather than up,” she said.
There were 6135 unconditional sales in June, a rise of 906 sales compared to last year but a fall of 14.5 per cent from May.
Almost all regions experienced an increase in house sales compared to June last year, with Canterbury up 56 per cent.
Houses are taking less time to sell with the national median ‘days to sell’ falling by seven days to 37 days compared to June last year, but only one day less than May this year.
Canterbury and Westland recorded the shortest days to sell at 31 days, followed by Auckland at 32.
When it comes to how houses are being sold, auctions comprised 14.5 per cent of sales in June or some 891 houses, up from 11 per cent in June last year.
Values in Christchurch were up 5.8 per cent over the past year and 1.3 per cent over the past three months to sit 1.5 per cent above the peak of late 2007.
With Thanks to Jenny Keown and Fairfax News
Cheap land has been made available for Christchurch red-zone refugees.
Eighteen low-cost sections are being offered to Christchurch homeowners having to move out of the residential red zone.
The Canterbury Co-operative Land Trust was offering 18 sections on Rolleston’s Dunns Crossing Rd to red zoners for $113,000 to $139,000 – up to 40 per cent cheaper than other sections in the area, trustee Grant MacKinnon said.
MacKinnon said the savings were genuine and all the trust needed was 18 households to “take up the opportunity”.
The charitable trust was established last year in response the lack of affordable sections available in Canterbury following the region’s earthquakes.
The trust had previously offered 14 low-cost sections in a half-completed subdivision in Linwood, but failed to secure enough interest by the March deadline.
At the time trustee Simon White said the trust had viewed the subdivision as a “potential quick-win” but did not have enough time to sell all the sections.
Burwood-Pegasus city councillor Glenn Livingstone, who supported the trust, said the latest offer was “rare good news” for red-zone residents facing ongoing struggles to secure affordable housing in Christchurch.
“The trust has worked long hours in a voluntary capacity to get these sections up and running.
“This development will be our template going forward for further affordable sections.”
Those who wanted to purchase a section must have been a homeowner in one of the residential red zones in the greater Christchurch area.
Potential buyers could register their interest in the sections online at canterburyaffordablesections.org.nz.
Sections would be allocated on a first come, first serve basis.
Written by Fairfax News
I have just completed a webinar on the Ninth Edition 2012 Agreement for Sale and Purchase of Real Estate.
A summary of the main changes being
- Possession and Settlement are now the same date unless a separate clause is drafted.
- A building inspection clause has been added.
- Deposit payout for unit title properties requires confirmation that disclosure regime has been completed as required by the act.
- GST shedule is now in two sections.
The new editions will roll out as they become available.