Sue Hall

"My reputation is your guarantee"

"If anyone is looking for an excellent no nonsense Real Estate Agent, then look no further than Sue Hall - She’s the one! Her knowledge of the Real Estate industry is invaluable. Sue always goes that extra mile, willing to meet with you any time of the day or night. Sue sold me my first home in 2010 and since then..."

- Vikki Seaman

"Just wanted to thank you for making the sale of 53 Carrington Avenue so seamless and stressless. My only regret is that we haven't actually met you yet! But we will make sure to come over and do that before long. Anyway, thanks again for all your great work on our behalf. "

- Trevor & Pauline
More testimonials »

First Home Buyers Urged to Buy Early in 2017

27th Feb 17

Lodge Real Estate’s managing director Jeremy O’Rourke is urging Hamilton’s first home buyers to make decisions early in 2017 before investors re-enter the market in force and prices rise.

“The opportunity is excellent right now for first home buyers looking in the Hamilton market.  There are fewer investors currently active, which are first home buyers’ main competition.  With fewer active buyers in the under $500,000 price bracket that means prices will likely remain steady in this bracket for the short term.

“Additionally, we’ve had strong listings in January so there are a good number of houses under $500,000 to choose from.”

However, Mr O’Rourke says this window of opportunity is likely to narrow in coming months.

“We expect to see investor activity ramp up steadily over coming months, which means competition will be back in force. If first home buyers can act now, we predict they will get a much better deal than if they wait until later in the year,” says Mr O’Rourke.

The Real Estate Institute of New Zealand released figures yesterday showing Hamilton’s median house price fell to $495,000 in January 2017 compared to $525,000 in December 2016.

The number of homes listed in Hamilton during January were 258. This compares with 240 in January 2016.
“Buyer activity and sale prices in any January are never a good prediction of the year ahead.  If you look back on January 2016, for example, the median was down and sales were low.  But as we know 2016 was a buoyant year for the Hamilton property market.  

“This year we’re predicting that price growth could be slower as compared to 2016.  However, sales volumes are likely to continue rising. We’ve had a surprising number of people through our open homes in January, and this should translate into strong sales in February and March.”

Mr O’Rourke said many factors in the Hamilton market point toward a positive real estate outlook for 2017.

“Hamilton’s in a great position to grow at a sustainable and affordable rate. Employment is growing, immigration is up, the dairy industry is coming back and we’re seeing the positive effects of urban migration.  These factors coupled with a good amount of land available for development means we should experience another great year in the property market in the city.”

^ top
Filed under Hamilton / Waikato \ Real Estate

Related posts

Leave a comment

Fields marked * are required

Sue Hall's Blog

Waitangi Day 2020

The 6th of February every year is Waitangi Day.  This day is the most important marker in New Zealand’s history and commemorates the first signing of Te Ririti o Waitangi, The Treaty of Waitangi. Waitangi Day is a day to reflect on the controversy that surrounds the Treaty of Waitangi – Throughout history and within today’s society, how this has affected all New Zealanders and how it has shaped the country in which we live today.

Read More »

The Results are In - Who's the Fastest and Who's the Slowest?

You've got to move quickly in Invercargill if you want to buy a home.  Real estate in the southern-most city is among the fastest selling in the country, due to increased demand from first home buyers, real estate experts say. Of the 12 suburbs where houses spent the shortest time on the market last year, all but three had median property values of less than $500,000.  Invercargill dominated the list, with homes in four of the city's suburbs typically selling within 20 days or less.

Read More »

Christmas at the Lake 2019

Once again this year, Christmas at the Lake returns to Innes Common. The free, community event will be happening this coming Saturday 21st December 2019 and will kick off from 5.30pm. There will be tonnes of performances and things to do including eight dance groups, four live bands, food stalls, rides and slides as well as face painting and Santa might even call in to visit the kids!

Read More »

Te Koopuu Mural Project Artists Selected

New Zealand’s soon to be largest mural has now got mastermind artists behind it and they are preparing to bring it to life in January 2020. A group of visual artists operating under the name Te Whētū Collective were recently selected to tackle the 248 metre long canvas.

Read More »

Hamilton's Average House Price Just Under $600,000

A lack of stock, a revitalised CBD and a positive economy helped push the average house price in Hamilton to $596,912 in November, according to the latest snapshot of the housing market. The CoreLogic QV House Price Index found Hamilton saw a 5.5 per cent year-on-year increase in average value, up 1.5 per cent on the quarter and 0.8 per cent higher than the month earlier.

Read More »

More Blog Articles »