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

"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
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

Sticking with Tradition

Bindi Norwell, CEO of the Real Estate Institute of New Zealand featured on 1 NEWS Breakfast this morning to discuss the New Zealand real estate market.

Read More »

Have your say with the Hamilton City Council

Every six years, Council's are required to hold a review around their representations and this year, the Hamilton City Council will be holding it's Representation Review. To help with the pre-consultation phase of the review, the Council has launched a public survey via the internet.

Read More »

The Doors are Reopening!

After a year and a half of waiting, the Hamilton City Council has announced a date for the reopening of the Central City Library. Back in December 2016, there were serious concerns raised around the safety of the Library building, should Hamilton experience any seismic activity. The issues that were discovered called for the immediate close of the building until repairs could be carried out.

Read More »

The Vision of Te Awa Lakes

I first reported back in October 2017 that the Perry Group had big plans for a disused Te Rapa quarry site under the project name of "Te Awa Lakes". The plan has not yet been given the official go ahead as the area needs to be rezoned and approval given by the Hamilton City Council for the area to be used in accordance with the Te Awa Lakes project plan. Nevertheless, interest in the development continues ...

Read More »

Three questions you should ask your Mortgage Advisor

When you’re shopping around for a mortgage, it makes sense to work with someone who understands the industry and market conditions. A Mortgage Adviser is that person - Someone who acts as an intermediary between you and the Lender, working on your behalf.

Read More »

More Blog Articles »