May's monthly Home Smart & Property Management newsletters are out now
From our sales team we hear the tide is changing for the property market as the flame that has motivated selling activity in recent times is starting to diminish. The latest data from the Real Estate Institute of New Zealand (REINZ) shows a continuation of the slowdown
in the property market, noting that prices have eased while inventory levels have increased.
In the property management area in response to public feedback, the government made changes to the Healthy Homes Standards that were meant to come into force in April. We have noticed market rents slightly increasing but the rate has started to slow. The new privacy changes have come into effect, this is increasing the time it takes to tenant a property.