Waikato Real-Estate Update

The Waikato market continues to see steady interest from people across all price ranges in October. For first home buyers, we are beginning to see signs that finance is starting to tighten up.

Regardless, there are still a lot of enquiries and there are currently more sales in the middle and higher price brackets with many out of towners still coming to the region.

There was especially a big increase in sales for properties valued from $600,000 to $1 million plus and October saw record median prices for Hamilton City and Waitomo District of $565,000 and $254,000 respectively.

Multi offers continue to be common across Waikato.

In Taupo, investors continue to be active with the rental shortage and a good range of houses in the $300,000 price bracket to choose from.

Overall, well marketed properties get good attendance numbers at open homes, however we are noticing that buyers are becoming more selective.

The Thames/Coromandel region has seen the spring uplift in holiday homes sales and they see that many previous appraisals have come to market during October, and buyer interest is at the same levels as last year.

Listing numbers were up, with 893 new listings in the region, which indicates that the market will continue to be buoyant until the holiday season, even more so if listing numbers continue to increase.