It's heating up out there!
It’s been a quiet 15 months for the Far North property market, with property sales down over 50%. You’ve probably been hearing for a while that the tide is starting to turn in major centres like Auckland, but it always takes about six months for those trends to fully filter out to the regions. And now we’re finally starting to feel the seachange in the Far North.
Buyer inquiry is definitely up — nothing crazy, but it’s noticeable. Offers are coming in and properties are starting to move. Vendors are clearly feeling more positive as well, because listings are up, too. It helps that the election uncertainty is now behind us, and we’re all enjoying some warmer weather. The fresh commitments to improving Northland’s roading infrastructure are also feeding a sense of positivity about the region’s future.
One thing that we’re noticing is that buyers right now are really keen on finding a low-maintenance property. They want to spend their time enjoying their home, not looking after it. And with the still-rising cost of building, they’re understandably a little leery of major renos. If you’re thinking of listing your property, now’s a great time to ensure it’s presenting well and appears as low-maintenance as possible. Buyers want to feel like they can walk in and start living the laid-back lifestyle that makes the Far North such an attractive destination.
Hunter Estate wins award
Earthworx, the civil contractors for the upscale Hunter Estate development in Coopers Beach, recently took home first prize ($1—$5M category) at the prestigious NZ Civil Contractors Association’s Northland Construction Awards. Judges praised the team's delivery of a top-quality project in a high-profile location, despite a demanding set of challenges.