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Welcome to our Sunflower Growing Competition page. Here you will find everything you need to successfully grow a beautiful tall sunflower. There will be prizes for the tallest sunflower, and best photo with/of your sunflower. Let’s get started! Ps. The seeds provided are NOT for consumption. Growing Guide Choose where you wish to plant your […]
A Year In Review There is finally some good news for homeowners. Although 2024 is turning into a tough economic year with consumer spending very low due to the impact of high interest rates, the housing market has stabilized with good buyer activity across all price ranges. Looking ahead to the second half of 2024 […]
After 7 years of incredible property price increases, we all knew that a change in the market was inevitable, yet it probably hit harder than some of us expected. The combination of inflation, rising interest rates and tax changes has changed the real estate landscape. We will delve into this information further, look at the […]
After many strong years of rising prices, it is quite hard to know what to do when it is clear we are passed the peak of a property market cycle. This old quote rings true: “you won’t know you are at the peak until it’s too late and you’re on the other side”. Property values […]
Changes in lending driving the change In the last 6 years we have seen huge price increases on the back of low interest rates, shortage of property and an increase in demand with a growing population. Historically property prices have doubled in a cycle, which has been one of the favourite quotes for as long […]
The last 12 months of real estate trends have been like a rollercoaster ride. First the experts predicted a huge downturn (April-May 2020) and the government loosened finance restrictions (such as Loan-to-value ratios for investors) to ensure properties continued selling through the predicted downturn as a way to stimulate the economy. Next we find out […]
Most of the predictions made regarding the economy, house prices and the impact of the pandemic have turned out to be wrong. This comes as no surprise as there are too many variables that influence the outcome. The property market today is very similar to what we have seen in the last four years, even […]
Will there be a downturn in the property market? There are many views and predictions on what life will look like in NZ after the lockdown. And there are as many opinions about the real estate market. Most of these are written about the overall NZ property market, not specific to Rotorua. Here is my […]
Prices in 2019 have continued to increase and the median sale price is now very close to $500k. This in comparison to only $400k a year ago and $300k in 2016. Interest rates remain low which increases affordability, although most banks use quite a big margin in their calculations to make sure people don’t overcommit. […]
Since my last market update, there have been numerous developments that create uncertainty about the market and for how long the upwards trend of property prices will continue. The key changes we’ve seen in recent months: • the lowest Official Cash Rate since its introduction 20 years ago and the lowest interest rates since […]