Market Update? YIP!

Hey Everyone! Buyers are continuing to return to the market and investors (particularly developers are eyeing up opportunities to solidify their long-term plans. Here are the five key market variables we are keeping an eye on:

1. CCCFA – As of this month, banks will no longer need to investigate your fast-food habits and other discretionary spending when it comes to assessing your affordability. This will have a significant impact on all pre-approvals, so we could see buyers’ budgets go up.

2. Immigration – With all the recent changes to the immigration pathways and potential discussion of new immigration leniency with countries, we could see new buyers coming to NZ. But equally with the strikes and cost of living situation in NZ, we could equally see more people leaving NZ.

3. Media Positivity – In general across most economists, we are at or near the plateau of interest rates for now. This signals the bottom of the market has passed and the media is likely to show more positivity in the media, giving all those buyers (who have been waiting to buy) the green light to get into it!

4. Work from Office – Globally we are seeing a progression of businesses reinforcing work form the office again. The work from home luxury has sadly costed the local market and economy significantly in this area. We are going to see NZ follow trend (particularly government departments) and scrap the remainder of the ‘work from home’ policies. Pushing a lot more economy back into the CBD.

5. Elections – Regardless of the election outcome, we could be seeing mass restructuring / cancellation of contracts / redundancies as an excuse to eliminate the satellite employees who moved away from this area to ‘work from home.’ After the elections this year, we are likely to see fresh faces move to Wellington, buying houses and bosting our economy. Although things are starting to improve, you should all your decisions against your opportunity gain / loss. Rather than just focusing on your purchase or sale in absolute isolation, you need to weigh up your next move and how that adjusts with market changes. If you would like to discuss your plans and the ideal strategy for your family, get in touch – Love to hear from you! Have a wonderful week everyone! is] just great to see.” honour

The life-saving role of emergency services has come to the fore in times of national crisis and they were not forgotten in the local Anzac Day memorial ceremony. Here Fire Service members guarded the rear of the parade as it moved down Johnsonville Road.

Ray was born in Mataura, though the family shifted to Dunedin. Leaving school there just before he was 15, he became a push bike mechanic, then a welder. Then came the army and a life of active service in theatres of war including Korea, on the Malay-Thai border and on the Malay peninsula, in Borneo and in Vietnam. His medals mark that service, though he takes special delight in his Good Conduct Medal. “That just means I wasn’t caught!” Ray wore his father’s World War One medals too. They included the Military Medal and a 1914-15 medal for gallantry – “Gallipoli”.

Malvina Major remembers

Each year Malvina Major Village celebrates Anzac Day in a very special and memorable service. The Khandallah retirement village held its Anzac service this year to remember those who have served during times of war and especially remember those who made the ultimate sacrifice.

Residents led and participated in the service, which was both informative and deeply touching.

The Salvation Army Band and the Malvina Major Choir, together with Linden Loader and her studio singers, also participated in the service.