Monthly Market Update | October 2019

A resurgence of energy & activity for the North Shore and North West market

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The built-up demand as a result of the shortage of listings has been producing some remarkable results across all sectors of the market.

A favourable combination of market factors is fuelling the confidence of buyers. The cancellation of capital gains tax combined with tumbling interest rates has assisted with reigniting the market.

Sales volumes remain low when compared to long term averages with 318 North Shore sales in October.

For now, prices are holding steady, yet many are predicting rises on the horizon.

It is going to be a busy run of sales through to the end of the year presenting opportunities for buyers & sellers.

– Robert Carter