Good Time for First Home Buyers, Says Agent Debs Wallace

Monday 17 December 2018, 10:52PM
By Beckie Wright

Harcourts agent Debs Wallace sold three properties in record 10 days in November with a combined value of $5.5million.  This brings the total sales for the year to date to well over $30 million. “Still a great time to buy with interest rate dropping under 4% for people with more than 20% equity and RBNZ increasing number of mortgages available to low equity borrowers should stimulate the market, especially for first home buyers,” says Debs.

Debs focusses her attention on lifestyle, residential and coastal properties.  Her specialty in these areas provides clients with a very special real estate experience and results that are unparalleled in the industry. Her expertise extends into both coastal and country areas in the Rodney District, incorporating lifestyle, coastal and residential properties from Albany, Coatesville, Dairy Flat and the surrounding lifestyle areas north to Matakana.

One change has been the enactment in October of the Overseas Investment Amendment Bill which curtails the number of homes which overseas investors can buy here. Property researchers will be poring through sales figures to see whether these two events have had much effect on demand.

November sales figures from the Real Estate Institute suggest that the usual spring bounce in house sales had occurred. October's national median house price rose 0.5 per cent on the previous month to $562,000, which was 6 per cent higher year on year

Harcourts offers a full range of Real Estate services. They specialise in Residential, Commercial and Rural Property sales as well as Property Management services. Luxury Property Selection is a powerful network, owned and operated by one of the world’s leading real estate organisations, Harcourts International. The Luxury Property Selection program, launched in 2012, is growing rapidly and currently consists of over 5,000 agents operating from more than 800 real estate offices across 8 countries.

Their innovative brand offers global reach, outstanding local brand profile and leading-edge technology when marketing your exceptional property. The luxury specialists will provide clients with extensive mix of online and offline media options that offer comprehensive distribution to a worldwide audience.

Debs Wallace can be contacted on 09 486 8281, 021 585 583

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