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

"Sue Hall recently acted for me with respect to the sale of one of my properties and she had also previously acted for me with the sale of another property. I must say that it has been a pleasure to deal with Sue. She is courteous, efficient, very direct and business like with her statements and communicates regularly. As a busy..."

- John
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

Sticking with Tradition

Bindi Norwell, CEO of the Real Estate Institute of New Zealand featured on 1 NEWS Breakfast this morning to discuss the New Zealand real estate market.

Read More »

Have your say with the Hamilton City Council

Every six years, Council's are required to hold a review around their representations and this year, the Hamilton City Council will be holding it's Representation Review. To help with the pre-consultation phase of the review, the Council has launched a public survey via the internet.

Read More »

The Doors are Reopening!

After a year and a half of waiting, the Hamilton City Council has announced a date for the reopening of the Central City Library. Back in December 2016, there were serious concerns raised around the safety of the Library building, should Hamilton experience any seismic activity. The issues that were discovered called for the immediate close of the building until repairs could be carried out.

Read More »

The Vision of Te Awa Lakes

I first reported back in October 2017 that the Perry Group had big plans for a disused Te Rapa quarry site under the project name of "Te Awa Lakes". The plan has not yet been given the official go ahead as the area needs to be rezoned and approval given by the Hamilton City Council for the area to be used in accordance with the Te Awa Lakes project plan. Nevertheless, interest in the development continues ...

Read More »

Three questions you should ask your Mortgage Advisor

When you’re shopping around for a mortgage, it makes sense to work with someone who understands the industry and market conditions. A Mortgage Adviser is that person - Someone who acts as an intermediary between you and the Lender, working on your behalf.

Read More »

More Blog Articles »