Happy New Year. The weather is heating up. How about the real estate market in 2016? Time will tell of course, but it seems to have started well with good inquiry, still it’s far too early to make any judgment. There are some indicators that we will have a very steady market similar to last year. Ups and downs. The dairy prices will begin to bite, as will the recent redundancies across the energy sector. Both these sectors will rebound – but neither looks likely to have a big turn-around in the short term. The heat has come off the Auckland market, but it’s still almost unaffordable for those without some holding in that market already. Donald Trump is giving everyone the jitters. The stock markets are a bit shaky as well. However, we enjoy the cheapest mortgages in recent history, buyers are still about and active. We still enjoy fullish employment in New Plymouth, so easy borrowing is available to most. It will be a bit like our spring weather. Hot and cold, a mixed bag. The only certainty is that, as ever, buyers will demand the best comparative value available.
John Christiansen
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