0800 500 123 www.mikepero.com

With the first half of the year now behind us and with winter in full swing, it’s a great time to take advantage of what the seasonal market has to offer.

While many consider holding off the sale of their home until spring – don’t be fooled – winter is still a great time to sell your property.

There are plenty of buyers out there at the moment and I’m always looking for new properties to take to the market.

In the winter edition of my newsletter, you can look at the

advantages of selling your home in winter, Mike discusses the recent interest rate increases and you can go into the draw to win a $1000 Briscoes voucher.

REINZ statistics for May 2014 noted that there was a 15.9% increase in sales volume nationwide compared to the previous month of April.

The national median price was $430,000 and this is an increase of $38,000 compared to May 2013.

Embrace the winter months and take advantage of what the property market has to offer. If you are thinking about buying

or selling in the near future then I would love to assist you in this process. Feel free to give me a call on 021 44 82 82.

Best wishes,

Garry

Property Talk with Garry JULY / AUGUST ‘14

Mike Pero Real Estate Ltd Licensed REAA (2008)

$6,000 MARKETING

PACKAGE FREE

When you list your home for sale with us! PLUS a very fair commission rate — 2.95%**

that could save you thousands.*The Marketing Package is exclusive to Mike Pero Real Estate and the value is defined as the cost for a member of the public to achieve the same package including the production and on- air costs (creative, filming, presentation & photography) for a 15 second TV Commercial on either TV3 or TV One through an advertising agency at normal market rates. We may also provide other advertising at no cost to the customer. Exclusive listings with photography that meets with the company’s requirements. The company reserves the right of refusal if property is unsuitable for TV. This could include signage, print and online but may also vary on a case by case basis. Terms & Conditions apply. **Our fees are 2.95% up to $390,000 thereafter 1.95% + admin fee + gst. Rates, fees, terms & conditions may vary between brands, branches and specific transactions.

*

0800 500 123mikepero.com

$6,000 MARKETING

PACKAGE FREE

When you list your home for sale with us! PLUS a very fair commission rate — 2.95%**

that could save you thousands.*The Marketing Package is exclusive to Mike Pero Real Estate and the value is defined as the cost for a member of the public to achieve the same package including the production and on- air costs (creative, filming, presentation & photography) for a 15 second TV Commercial on either TV3 or TV One through an advertising agency at normal market rates. We may also provide other advertising at no cost to the customer. Exclusive listings with photography that meets with the company’s requirements. The company reserves the right of refusal if property is unsuitable for TV. This could include signage, print and online but may also vary on a case by case basis. Terms & Conditions apply. **Our fees are 2.95% up to $390,000 thereafter 1.95% + admin fee + gst. Rates, fees, terms & conditions may vary between brands, branches and specific transactions.

*

0800 500 123mikepero.com

Mike Pero Real Estate Ltd Licensed REAA (2008)

021 44 82 82garry.huata@mikepero.com

Garry Huata

REINZ regional data for May 2014 has found that the median price trend continues to improve, although the sales volume trend is now falling. The days to sell trend is now steady, with the overall trend for the region also now steady.

Canterbury/Westland recorded a median high for May, and compared to April, the median increased by $20,000 (+5.1%) to $415,000. Compared to May 2013 the median price increased $55,000 (+15.3%) with Rangiora increas-ing 20%, South Canterbury 17%, North Canterbury 16% and Christchurch 14%.

REINZ Regional Director, Tony McPherson commented that, “first home buyers are becoming more active in the market, with continuing good demand from investors. Vendor expectations remain stable, with the growth of sales by auction helping to inform price expectations more generally. The pool of listings is continuing to in-crease as more homes are repaired and come to market.”

This is reflected in how long properties are taking to sell. For the month of May, Canterbury/Westland recorded the shortest days to sell at 34 days.

What’s Happening in the Market?Sales volume across the region rose 12.5% compared to April, with increases of 56% in Mid-Canterbury and 39% in Rangiora; West Coast rose by 26% and Christchurch rose 15.5%.

Source: REINZ

Median Price Breakdown - May 2014

Mike Pero Real Estate Ltd Licensed REAA (2008)

*The winner will be drawn on September 1 and will be contacted by phone and notified accordingly. The voucher is valid for 12 months. It can only be redeemed in store and it is not redeemable for cash. The Judge’s determination of the Winner will be final and no correspondence will be entered into.

$412,500

$435,000

$380,500

$310,000

$289,000

$247,000

$190,000

Christchurch

Rangiora

North Canterbury

Mid-Canterbury

Timaru

South Canterbury

West Coast

Thinking AloudThere’s no doubt that interest rates have risen and yes (sadly) they may rise again - but don’t be deterred. Interest rates have risen and fallen for centuries and up until recently, interest rates on home loans were at a 50-year low. Most floating rates were at 4-5% and it seemed too good to be true. But despite what the media might say, I truly believe home ownership in New Zealand is still very aff ordable. The rates are currently increasing in 0.25% increments and I don’t consider this the end of the world. Maybe buy one less coff ee every couple of days, or if you’re a smoker, here’s a good reason to stop now - you’ll increase your life span too. Look at it this way, a 0.25% increase on $100,000 means paying an extra $250 a year (68c a day) and a 0.5% increase on $100,000 is an extra $500 ($1.36 a day) per year. It’s all good.

WIN a $1000Briscoes Gift Card*

We always like to know what you think and if there is anything we can improve on. Let us know your thoughts online and you could win a $1000 Briscoes gift voucher.

www.mikepero.com/survey

Taking advantage of the winter property marketWith the colder months of winter having arrived, the property market also has a tendency to cool off , with some sellers tempted to hold off until spring and summer to sell their property. However, there are some distinct advantages to selling your home during the winter months.

There are generally fewer listings on the market during winter however this can open your home to greater exposure. A lack of listings can also result in increased buyer competition. The colder conditions should filter out any tyre kickers or nosey neighbours – instead attracting those who are serious buyers that have the intention of making a purchase.Here are some great ways to maximise the viewing potential of your home during the winter months.

HeatingBy selling your home at the coldest time of year, you have the opportunity to showcase all of your winter warmers and demonstrate that they are working and ready for the purchaser to use. Buyers will ask themselves if it felt

cold while looking through the house and they’ll look for functioning hot water and heating systems. Heating is of particular appeal if you are selling an older house and it can be a pivotal factor when a buyer looks to make their home-buying decision.

LightingWith winter comes colder temperatures, shorter days and less natural light. A lot of people who are thinking about attending an open home will often drive past the property in the evening and nothing looks better than a house lit up at night time. Therefore it’s a good idea to set timers up for those night time drivers.