Get Ready The Professional

• The Official Cash Rate (OCR) is currently on hold at 5.5%.

• Inflation is falling, with the Consumer Price Index (CPI) down to 6% from its peak at 7.3% last year.

• House values have stabilised and are no longer falling.

• The election scheduled for October.

• Uncertainty when interest rates will start coming down – some commentators mention mid2024.

Contrary to some beliefs, buyers are active in the market. Outstanding sales have been transacted in a low-listing environment. June 2023 was reported as the lowest June on record for new listings nationally. While Remuera follows the national trend of low new listings, the sales values in Remuera are significantly higher than other areas.

If you are considering selling in the next 6 months, I’d recommend taking advantage of the current high buyer demand and low listings levels. Once more properties come onto the market, competition will increase.

For reputable professional advice on the value of your home, likely buyer demand, and skilled safe hands to guide you to a successful sale –contact Lisa MacQueen 021 221 8622.