Sue Hall

"My reputation is your guarantee"

"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

"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
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

KiwiBuild Revisited

Housing Minister Megan Woods has announced a reset of the KiwiBuild scheme. The target to construct 100,000 KiwiBuild homes in 10 years has been dropped. "We will be dropping the target of 100,000 houses over 10 years. It was overly ambitious and led to contracts being signed in places where there was little first home buyer demand", Woods said.

Read More »

Anglesea Street Te Koopuu Mural Project

Hamilton is about to get a mural, and you could be the one to paint it. If you're keen, it might pay to put some time aside - The mural is set to be 11 metres high and 248 metres long - Potentially New Zealand's largest.

Read More »

Ugly Duckling? Not Anymore!

During the 1970’s, the Hallensteins Clothing Company built their new premises at 391 Victoria Street. The style of the structure and the colour scheme may have been on trend back then, but in later years, the building became arguably Hamilton’s ugliest building.

Read More »

Construction to start on Rotokauri Transport Hub

Construction of a Rotokauri public transport hub expected to cater for 30,000 passengers a month will start next month. The hub will be a combined bus and rail public transport facility, and will include a pedestrian link across the rail line to The Base.

Read More »

First Stage of Tristram Precinct

In just over a week, the first stage of the new "Tristram Precinct" will celebrate it's launch by opening the doors of a brand new, central city Kmart store. Next Thursday, the 29th of August, signals the opening and it is set to be celebrated with entertainment and giveaways.

Read More »

More Blog Articles »