Sue Hall

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Hamilton sees Buyers and Sellers Getting Active

13th Dec 17

The Real Estate Institute of New Zealand released its residential property data for November this morning.  The data clearly shows that the Hamilton residential property market saw a definite increase in activity towards the end of November which continued through into December. 

The 2017 Election created unsurety in the market with October seeing 235 sales throughout Hamilton.  Throughout November, mostly towards the later part of the month, 261 properties were sold.

The second part of November also saw more quality homes being brought to the market with 479 being available in Hamilton, compared to 362 in October and 344 in September.

The traditional slowing of the market for Christmas / Summer is still expected to happen this year, although the Reserve Bank’s changes to the Loan to Value (LVR) ratio and more favourable bank lending criteria, should see more first home buyers entering the market and investors are also expected to return to the housing market.

For more commentary on the current real estate market from Lodge Real Estate’s managing director Jeremy O’Rourke, or to read the full article from www.voxy.co.nz, click here.

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Filed under Hamilton / Waikato

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