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  Leigh Mosley, Harcourts Real Estate Agent, Greenhithe, Auckland, New Zealand
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Momentum builds towards Spring

14/8/2019

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Robert Carter – General Manger

Market indicators continue to point towards confidence moving forward. In July North Shore prices remained steady and volumes increased. At Harcourts Cooper & Co, our monthly auction success rate increased to 68% with an average of 2.2 bidders per auction.

The recent reduction to a record low official cash rate has added to the confidence provided by the abolishment of a proposed capital gains tax.

Investors are making their way back into the market along with increased demand from first home buyers.

Whilst we have seen a 13% increase in the number of CCC’s issued this year compared to the prior year, Auckland continues to have a housing shortage as a result of the accumulated shortfall in housing that built up due to many years of under building.

It’s like a game of 2 halves with current listings. Key factors for achieving a successful sale are the marketing & promotion, price expectations & sales method, the presentation of the property and agent & agency representing the owner. When the aforementioned factors are favourably combined, we are typically achieving great results. However, if a property has one or more of these not effectively managed or additional obstacle/s for buyers to overcome it is sometimes resulting in the property taking longer to sell.
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With Spring just around the corner, signs are positive for an active market with opportunities for the astute.
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Harcourts Cooper & Co Greenhithe MREINZ.
(Licenced Agent REAA 2008)
www.cooperandco.co.nz
 
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