George Varughese - Harcourts Auckland

Just listed..Large family home in great school zone.

291A Kohimarama Road, Kohimarama, Auckland 1071 - House for Sale - harcourts.net 5 bedrooms House for Sale at 291A Kohimarama Road, Kohimarama, Auckland 1071, Price by Negotiation. View 23 property photos, floor plans and Kohimarama suburb information.

Invitation for the Open Day!

Enjoy a mid-winter feast with friends and whānau!

JUST SOLD another one in Pokeno!
Built by Summit Homes
Freehold
Single level
Brick Cladding
Land 633m2
Floor 169m2 (more or less)
3 Bedrooms
1 Family room
Entertainment area
2 Bath

Is there a shift in the property market? Some of the key points to be noted.

• Banks are very tight on lending which is impacting the buyers
• Credit Contracts and Consumer Fin Act (CCCFA) regulations
• High Inflation rate in most countries including NZ
• Rising mortgage rates and cashflow impact
• Supply and demand shift in 2022
• Low success rate in Auctions
• Few attendees for open homes
• Trending longer days on the market
• First homes buyers are out of the market
• Developers are very selective on future projects
• Cost of completing current projects under significant pressure
• Holding cost on prolonged projects
• An overstock of listings predicted in the market
• Prediction of property price correction in 2022
• Impact of prolonged COVID pandemic
• Aucklanders looking for opportunities elsewhere
• IRD regulation on Interest deduction on investments
• Impact of Brightline Test extending to 10 years
• More brain drain expected once the boarders re open
• Many vendors are regretting on offers rejected in the past 60 days

What we advise the vendors in this market?
• Have a very clear motive behind the sale
• Be aware of the gap and challenges in the market
• Have a good assessment of your property
• Have a clear understanding of the cashflow impact
• We advise not to neglect any offer
• Engage with buyers and negotiate
• Never compromise on best marketing campaigns