Stability amidst change: Lower Hutt's Property Market Insights

The August Real Estate market has brought an additional wave of buyer activity which is something not typically seen in late winter.

With Expected Rate Drops Near – It's Time for a Spring Clean

Recent CPI inflation data from Stats New Zealand shows a 3.3% increase for the second quarter, which is lower than the Reserve Bank's forecast. Coupled with market data indicating low economic confidence, reversing immigration trends, decl..

Recent CPI inflation data from Stats New Zealand shows a 3.3% increase for the second quarter, which is lower than the Reserve Bank's forecast. Coupled with market data indicating low economic confidence, reversing immigration trends, declining retail spending, and stagnant house prices, economists ..

June has been a steady month for new listings, with a 0.3% increase of properties that have come on the market compared to this time last year.

As the Hutt Valley property market approaches the typically slower winter months, now is an ideal time to assess your situation and set your property goals for 2024 and the future. 

Wayne Barton has dedicated 30 years to the real estate industry, establishing himself as a trusted and knowledgeable professional. We had the opportunity to sit down with Wayne and gain some insights into his impressive career.

In the realm of real estate, the only constant is change. Nowhere is this truer than in Lower Hutt, where the market seems to sway like a pendulum, influenced by a myriad of factors. From the presentation of homes to their location, each week brings a new narrative. Yet, amidst this flux, a gradual ..

Interest rates, property values, immigration, and a new property cycle all factor into how the market is travelling. Below are 5 top insights and predictions for 2024 to help you get ahead of the market. 

The month of January typically experiences a slower pace in the real estate market, with sales gaining momentum in February. However, the beginning of this year has shown a notable 4.9% increase in sales compared to the same period last year. 

With a steady economic climate luring buyers back into the fold and a conclusion to the election, the market is much better than it has been, as seen by the figures from October released by REINZ. As the average days to sell continues to decrease, currently sitting at 37, it’s clear that now is the ..

From the day after the election, buyers have come out in force. Multi offers have returned as confidence rises, where first home buyers are keenly wanting to own a home and those who have one are trying to move to a more suitable one. 

Whether you’re a beginner sower or a green-fingered grower we’re here to help kick things off this spring. Once you’re seeds have sprouted indoors, it’s time to prepare for transplanting your seedlings and watch them bloom in your garden.

The most important factor in successful seed germination is to use fresh, quality seed mix. They contain ingredients and fertilisers designed specifically for germinating and growing from seed. Different seeds take different lengths of time to germinate. Be sure to check the back of the seed packet ..

As we step into the season of Spring, we've observed a slight uptick in the number of new houses entering the market and an increase in sales compared to the previous month. This pattern is typical for this time of year as more listings become available due to heightened seller confidence. Neverthel..

The real estate landscape in Lower Hutt as Spring approaches is experiencing some interesting shifts and trends:

July's winter chill has brought about a notable shift in the Lower Hutt property market. Listing stock has dipped by 29% compared to the same time last year, yet a surge in enthusiastic first home buyers on the lookout for their ideal starter home has emerged. While historical trends have often indi..

Property markets move in cycles, ups and downs, ebbs and flows, and the commentary says we are approaching the peak of interest rates, and my internal radar says we are at the bottom of house values.

Median house prices across the country continue to drop, with the median sale price in Lower Hutt for December 2022 to February 2023 sitting at $750,000, a decrease of 17% compared to a year ago.

When our property market is in the doldrums it is hard to see how things will change, but if history repeats itself as it has for over a century, prices could go through the roof in the 2030s, and maybe sooner.

At risk of sounding like a know it all, I will say, “I have seen it all before”. Yes, what we are experiencing in this market has happened before, not once but many times. This is how it plays out –

The most positive news for the real estate market this year was last week’s announcement of a fast-track pathway to New Zealand residency.

Over the past few years, the real estate market has primarily favoured the seller. If you were thinking about selling, you could easily find real estate agents who were willing to work with you for practically nothing to secure your listing and sell your home.

Professionals Group recently held the Annual National Sales Awards in Auckland where agents around the country came together to celebrate the success and achievements of the past year; a year that has shown that Experience Matters when choosing an agent to sell your home.

You can make your own beautiful paper that has wildflower seeds (or any seed) in it! Use coloured markers to paint a design or message. Give it to someone special to plant in a pot or in the ground. Keep it wet and warm, and it will "recycle" into something far better than old, used paper.

Whether you're a beginner sower or a green fingered grower we're here to help kick things off this spring. Once you've started your seeds indoors, follow the tips below to transplant your seedlings and watch them bloom in your garden.

If you haven't ordered your FREE seeds, what are you waiting for?..

...since then, interest rates have climbed, and prices have fallen.

Hutt City Council’s interpretation of the new housing rules introduced by the government changes most of the valley floor zoning to ‘High Density Residential’, allowing a maximum height of 22m (6 storeys) and up to 50% site coverage.

Whether you're a beginner sower or a green fingered grower we're here to help kick things off for you this Spring. Follow the steps below to get your seeds started indoors and watch them grow as the season changes.

If you haven't ordered your FREE seeds, what are you waiting for?! Fill in this form ..

Lower Hutt is now seeing a series of apartment developments popping up that are conversions of former office blocks which have been vacant for some time in central Lower Hutt. These new inner-city apartments will bring hundreds of people into the CBD, helping to revitalise it and breathe new life in..

Professionals recently held a First Home Buyer’s Seminar at our Cornwall Street office, where some of our agents talked about why renters might like to own their own home and what products are available to assist with getting on the property ladder. We were fortunate to have Kāinga Ora attend to dis..

All buyers have their own opinion on when it is the best time to buy a new home, many saying that winter is not the best time, that spring and early summer is a better time, and real estate trends show more transactions in spring than in winter. Not all buyers want to be traipsing around looking at ..

It’s old news that New Zealand’s housing market has turned a corner, with the supply of properties for sale in Lower Hutt having quadrupled from what was available 12 months ago. The market change has been much faster than most expected but so was the momentum that led up to the present, where price..

Surprisingly, the hardest time to buy a property is when no one else is, yet when we look back on other quiet markets, it’s normally with regret we didn’t jump in at that time. We find comfort following the crowd, yet right now some of our most successful investor clients are active. When thinking a..

It is often hard for somebody to identify or admit that they are stressed, let alone find a way to cope with that stress.  Below you will find five signs to help you identify when you are stressed and five ways to reduce that stress.

Four months ago, there were 180 homes for sale in Lower Hutt, now there are well over 600. So, is now the right time to buy or sell? There are articles about where the market might be going, we’ve seen various predictions all before. Let’s just say, none of us are so clever that we really know when ..

New laws that came into effect in 2021 have stirred the pot for New Zealand’s property and rental markets. New lending restrictions introduced to the Credit Contracts and Consumer Finance Act (CCCFA), Loan to Value Ratios (LVR) rules, and the removal of interest deductibility on investment propertie..

Another month of records: national average asking price is now $900,671, with the lowest housing stock since records began 14 years ago.

When the lockdown began on the 18th of August, we were coming out of the usual low volume of listings that we experience every winter. Instead of going into our bu..

When we say no, we are saying yes to something else.

We are in a transitional market going from a community of single storey homes on enough land to kick a ball to rows and streets full of terraced homes on postage stamp size sections.

New build tax exemption means new opportunities for investors.

The housing market is set to get a shake up with the announcement that new residential builds will not be hit by the phasing out of loan interest offsetting against rental income. The government has confirmed investors can still claim ba..

First impressions count! This expression couldn't apply more to the Real Estate industry. That's why it's important that your house looks its best while it's on the market. And, as there's no doubt that presentation adds value to your home, we've included a checklist to help you prepare your home fo..

Professionals, Redcoats Limited,is a dedicated team of 90 Sales, Property Management, Marketing and Administration specialists who have been recognised over the years within the Professionals Group, by the Real Estate Institute of New Zealand and by the Australasian Real Estate Agency Best Practice..

Find a good salesperson

We have our own in-house Mortgage Broker, Vik Singh, Director of The Mortgage Company.

The auction system dates back to Roman times and has for centuries been used for the sale and purchase of property, goods and services. It is considered the fairest method of purchasing a property at the real market value. As a system of sale, it will never go out of date because it is both adaptabl..

Get your finances together first

Lack of supply still pushing house prices up.

The number of residential properties sold last month across New Zealand was the highest for an April month in 5 years with 7,218 properties sold, according to the latest data from REINZ.

March was an eventful month in the property market following the government’s announcements. These created a lot of debate and uncertainty along with confusion and pondering while we wait to see what their final decisions are once the consultation period has finished.