Sue Hall

"My reputation is your guarantee"

"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

"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 »

Market 'Surprises' Unlikely to Occur in 2017 Hamilton Property Market

30th May 17

Lodge Real Estate’s managing director Jeremy O’Rourke says the release of April housing statistics shows Hamilton’s residential property market is trending normally at the start of 2017.

“We’ve been waiting until April property statistics were released by the Real Estate Institute of New Zealand to see how Hamilton’s residential property market is behaving alongside historical trends.

“With statistics out on Friday (12 May 2017), it is now apparent that this year should behave normally, in line with historic trends. 

“As with most other years, the city had very few sales in January, a bounce-back in sales volumes for February, a very big March and now a decrease in sales for April. 

“This is a very normal trend.  And from these numbers we are now projecting that it is unlikely we’ll experience any surprising highs or lows in Hamilton’s residential property market this year,” said Mr O’Rourke.

The number of homes sold in Hamilton was down from 337 in March figures to 240.  The city’s median house price during April was $535,000, compared with $540,750 in March and $458,000 in April 2016.

Mr O’Rourke says buyers remain very confident in the Hamilton market and he expects this positivity should continue through the end of the year.

“Although confident, we are seeing Hamilton buyers are also more cautious in the Hamilton residential housing market.  They are prudent and measured in their approach. 

“What this means on the buyer’s side is that vendors who are listing homes at overly ambitious sale prices are often being overlooked. 

“If a home is listed at an unrealistic price, it’s not unusual for potential buyers to completely discount that property including skipping open homes.  This measured approach by Hamilton buyers means some sellers are having to adjust their price expectations downward somewhat,” he explained.

^ top
Filed under Hamilton / Waikato

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 »