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Headlines Matter. Life Matters More.

  • Writer: Scott Mackenzie
    Scott Mackenzie
  • 19 hours ago
  • 2 min read

Over the past few months, there has been no shortage of reasons for property buyers and sellers to feel uncertain.


The conflict involving Iran has raised concerns about global energy prices, inflation, and whether interest rates could remain higher for longer. Closer to home, the Government continues to look for savings and spending reductions as it works to improve New Zealand's longer-term economic outlook.


The challenge is that nobody can say with certainty what these events will mean for the property market in six months, one year, or two years from now.

Yet despite these uncertainties, Auckland's housing market has shown remarkable resilience.


According to Barfoot & Thompson Managing Director Peter Thompson, sales in May increased by more than 25% compared to April, while both median and average prices also rose. Buyers returned to the market in strength after what now appears to have been an overly cautious April response to international events.


In fact, the median Auckland sale price reached $980,000 in May, up 5.5% on the same time last year. The market also recorded fewer properties available for sale at month end, suggesting inventory levels are gradually tightening.


Interestingly, while global inflation concerns remain, there are also signs that price pressures may not be as severe as first feared. Australia's latest inflation figures came in below expectations, helping ease concerns that central banks may need to keep lifting interest rates aggressively. While no one should assume lower rates are guaranteed, it is another reminder that economic forecasts can change quickly.


The reality is that most people don't buy or sell property because they have perfectly timed the market.


They buy because they need more space. They downsize when the children leave home. They relocate for work. They separate, retire, invest, or simply reach the next stage of life.


Property decisions are often driven by life circumstances far more than economic forecasts.


That's why I believe the best time to sell is when it aligns with your goals, not when someone claims they know exactly what the market will do next.

At this time of year, another factor comes into play.


The traditional spring and summer rush of new listings has passed. Fewer properties are coming onto the market, which means sellers often face less competition from neighbouring homes.


Buyers, however, don't stop looking because it's winter.


Families still need homes. First-home buyers continue searching. Investors remain active. People still get married, change jobs, have children, and move schools.


Winter can actually present an excellent opportunity to stand out. Rather than competing against dozens of similar listings, your property may capture a larger share of buyer attention.


There will always be uncertainty somewhere in the world. There will always be headlines suggesting reasons to wait.


But life doesn't wait for perfect market conditions.


When the timing is right for you and your family, that is often the best reason of all to make your move.

 
 
 

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