Sue Hall

"My reputation is your guarantee"

" Sue Hall You've done it again Sue! Sold another home for us in a very professional manner, kept us informed throughout the process and done so in a caring way. We couldn't have asked for more. Thank you Sue!! "

- Sonny and Eileen

"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
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First Time Buyers are Back!

29th Mar 18

After being priced out of the Hamilton real estate market for two years by investors and tight lending restrictions, first home buyers are pouring back onto the scene, particularly in the $450,000 - $500,000 price bracket.

January saw lending restrictions easing slightly for first home buyers while investor buyers are still having to front with a 35% deposit.  Accordingly those looking to purchase their first home are not facing as much investor buyer competition.

In 2016, the real estate market became a difficult environment for first time buyers and as we moved into 2017, a lot of those buyers gave up looking.  Budgets were just not stretching far enough to compete in negotiations or in the Auction room.

Revised lending restrictions soon saw the difficulty spread more evenly between first home buyers and investors alike and when coupled with the Election and the Christmas / New Year break, the housing market in general seemed to become quiet, although those properties that were well priced still experienced marked competition.

With January’s easing of restrictions and more housing being available to purchase, we are set for a strong and steady year with both first home buyers and investors getting a slice of the action.

For more about the current real estate market conditions in Hamilton, click here for Elton Rikihana Smallman's latest report on www.stuff.co.nz.

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Filed under Hamilton / Waikato \ Real Estate

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