Sue Hall

"My reputation is your guarantee"

" Awesome Team Sue Hall! It has been a pleasure working with a person of Sue's calibre. She was always professional in her attitude, warm and kind. She has an excellent knowledge of the housing marketing and an intuition regarding people, which gave a stabilising influence when "nervousness" appeared at times. She gave suggestions that were well timed and appreciated and..."

- R Lee & M Hohua

"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 »

Hamilton's Outlying Villages see Boost in Active House Hunters

22nd Nov 16

As Hamilton’s median house price continues to rise, villages on the outskirts of the city are benefitting from a surge in active house hunters.

Statistics released by the Real Estate Institute of NZ (REINZ) today show Hamilton’s median house price has jumped once again from $510,750 in September to $518,000 in October.

However, the median in rural Waikato dipped from $380,000 in September to $375,000 in October keeping rural residential properties in an affordable range for many buyers.

Lodge Real Estate’s managing director Jeremy O’Rourke said first home buyers in particular are starting to look outside the city for their first home.

“First home buyers are prevalent in the market.  However, unlike earlier in the year many are willing to sacrifice a commute to work in Hamilton for a more affordable house in the outlying villages of Whatawhata, Ngaruawahia, Horotiu and others.

“If you compare the market to just two years ago, in total these villages have experienced around twice as many sales in the past few months as we saw in the same period of 2014.”

“We’re seeing more and more people inquiring about Ngaruawahia as it’s less than ten minutes’ drive to The Base and another ten minutes to centre city.  Plus, the median house price is significantly less than Hamilton.  With several new developments opening up in and around the town, it’s a preferred residential destination for many looking to get into a home for under $500,000,” said Mr O’Rourke.

The median house price in Ngaruawahia for the past six months was:

May 2016 June 2016 July 2016 August 2016    September 2016 October 2016
$333,000    $320,000    $346,500 $355,000 $327,500 $307,500


Mr O’Rourke also said section prices are markedly less expensive in locations that are still in reasonable driving distance from Hamilton city.

“The lower section price in towns such as Ngaruawahia also means building a new home is a possibility that opens up for many who can’t afford to build in Hamilton.  For instance, buyers can find sections for around $240,000 north of Hamilton while a similar section is selling for around $400,000 in the city.”

 

^ top
Filed under Hamilton / Waikato

Related posts

Leave a comment

Fields marked * are required

Sue Hall's Blog

Hamilton home sellers cautioned against 'fast sale mentality' as holidays approach

The average number of days to sell a home in Hamilton hit 25 in October. This is the fastest average sale time in the city in five years. Additionally, Real...

Read More »

Upcoming and current Hamilton projects

Hamilton is one of the fastest growing cities in the country! In the past, Hamilton has been known as a centre for agriculture. But today it is it's infrastructure that is...

Read More »

4 ways to better understand buyers in the Hamilton property market

Understanding who your buyer is is a cornerstone to selling a house. Knowing who your key buyers are (or will be) and what their needs are can affect the value...

Read More »

How is the Real Estate Market looking following Covid-19?

Though it is always difficult to have a crystal ball when it comes to predicting the real estate market, there are several historical factors we can look at when evaluating the market moving forward.  A number of comments in this blog have come from trusted sources and experiences of those who have had lengthy careers in the Real Estate industry, including working through the previous Global Financial Crisis.

Read More »

Covid-19 and Your Property - What You Need to Know

For answers to the frequently asked questions regarding Covid-19 and Real Estate, please visit this informative article from Lodge Real Estate.

Read More »

More Blog Articles »