January 2023 Residential Sales report

REINZ sales data for the Manawatu-Whanganui region has just been released. A few key take-homes from this are: -A 10% change in average house sale price for Palmerston North in the past 12 months. That's a bit better than we were expecting as some individual sales have been coming in at 15% or more below 2021 RV's. Manawatu District has slightly increased over that time - we think that's more a...

Plenty to be positive about

Seems every media commentator is jumping on a bandwagon of "doom and gloom" for the housing market. Yet only a few months ago they were calling for cooling to the price rises. I thought a little bit of perspective is due.  Buying and selling on the same market has always been sound advice Many who tried to upgrade their house last year missed out due to a host of other offers being presented...

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