Ilse Evans of Harcourts Takapuna vehemently disagrees with the latest Westpac prediction that house prices will increase by up to 7 percent in 2020. Recently reported in NZ Herald, she agrees the market is ‘springing back into life,’ but not by 7 percent. Evans simply says, “Ignore the CEO of Westpac commentary of prices rising 7% next year. It’s not viable!” As she points out, next year is an election year, and traditionally people hold off, uncertain of government policy and any further changes.
NZ Herald reports that the Westpac prediction comes as the latest data from the Real Estate Institute shows prices picking up after a sluggish period. In its Home Truths newsletter, Westpac said the cancellation of capital gains tax combined with tumbling mortgage rates would push prices higher.
The bank predicts the turnaround of the market will be most pronounced in Christchurch and Auckland, where markets have been weakest. Evans’ prediction is, “More of the same as this year; that is a steady amount of gradual increase in listing and sale activity and prices after the flat to falling 2016/7/8.”
Going by the Testimonials page on her website, it would be wise to listen to Ilse!
“Over the four years we lived at 88 Francis Street, Ilse Evans of Harcourts Takapuna continually kept in touch with us with local market updates and recent sales evidence and showed that she has the best knowledge and expertise of the Hauraki and Takapuna areas. For us this also showed that Ilse is a hardworking agent who uses the power of a good database to ensure she has contact with a wide selection of both vendors and buyers in our market. Ilse provided us with excellent pre—campaign advice regarding both marketing and house presentation, and during the campaign we know Ilse did an outstanding job of both attracting buyers and servicing their needs and queries. This ensured we achieved the best campaign process and an excellent outcome.
“We would strongly recommend that Ilse is the best-placed agent in our area, and can only say good things about our experience with Ilse.” Paul & Claire Steele, 88 Francis Street.