I believe Wellington house prices haven’t slowed at all and I am still seeing prices on the rise in the Johnsonville to Pukerua Bay region. We have also had some record results in the suburbs lately and the majority of our offers are producing multiple interest.
We are hearing via the media a curb of prices in Auckland and Christchurch and I believe with the new laws around the Overseas Investment Act which came into play on 22 October 2018 I think we will see a drop in price in those areas, and especially Auckland.
The Wellington region is quite different from the other major centres and always has been; I think because it is the Government’s hub, prices tend to be a lot more stable and conservative as a whole. There hasn’t been enough stock in Wellington for the last 2 years to keep up with the demand of buyers which keeps the prices high and I can’t see that changing any time soon. If anything Wellington is becoming more sought after and buyers from around New Zealand and Wellington city are pushing to the outer suburbs making areas like Johnsonville/Churton Park and Tawa very desirable. Aotea is ballooning and with the advent of a new subdivision on the hills above Plimmerton and the exciting Transmission Gully motorway the outer suburbs are looking very positive for continuing growth.
SO HOW DO I ACHIEVE THE BEST POSSIBLE PRICE FOR MY HOME
Selling real estate is simple. Selling real estate for a premium price is more complex. As the process unfolds the seller and salesperson must be aligned on a clear strategy to obtain the best possible price. The only certain way to create multiple interest and offers from several buyers is to run a comprehensive marketing campaign. Extensive marketing is not essential to sell a house, but it is essential to obtain a premium price and forms part of the superior selling strategy.
Owner One Buyer A situation with only one buyer typically means meeting somewhere in the middle.
Owner Multiple Buyers A competitive situation with multiple buyers – premium result!