TFE AUGUST EDITION_ONLINE

Real Estate
Update
with Peter Lissington
Residential Round-Up
Buyers now have more choice in the Morrinsville residential market.
We have seen almost a 50% increase in the number of listings
available in the market to what we saw at the beginning of the year.
Motivated vendors should price competitively and invest in a strong
marketing campaign to target buyers. Investor activity has softened
but there is still strong demand for entry level property priced below
$400,000 in desirable locations.
We are moving towards a balanced real estate climate which is ideal
for both sellers and buyers.
Rural Round-Up
Well after a very kind autumn the winter has given us plenty of rain.
We have some good grass cover and we are starting to see calves on
the ground.
Farmers and farm owners are also starting to think about selling or
buying a farm in the spring or during the season.
We at Property Brokers have 10 or so farms signed up for Spring
marketing campaigns. I know this sounds early but there are
several valid reasons for this. Firstly, all photography is done and the
information can be collected and information packs put together
including nitrogen reference figures. It is important to supply all the
relevant information to help prospective purchasers to do their due
diligence within the marketing period.
Secondly, it gives Vendors time over winter to do the jobs to present
their property for sale. Things like painting, fencing, and a general
tidy up, first impressions are really important.
The market has been steady with several late season sales. Interest
rates are still very favourable and the forecast pay-out looking like $7
might be achievable.
With the Mycoplasma Bovis on many peoples’ minds we are
receiving enquiry for runoffs and/or self-contained farms and also
around a few changes to our approach to open days and farm visits.
Peter Lissington
M 027 430 8770
P 07 280 5534
peterl@pb.co.nz
Property Brokers Ltd
Licensed REAA 2008
pb.co.nz