OAMARU Newsletter Spring 2016

Market Commentary

2016 North Otago is bustling with activity this year.


In over 13 years in the real estate industry I have not seen such a busy winter period with very strong demand for residential homes along with a huge demand for good rental properties.


Currently we have a long list of fantastic tenants looking for quality homes to rent.


During the last 6 months we have been letting properties about as fast as we have them available. If you are thinking of becoming a Landlord come and have a chat with Tom and Donna.


The residential property market has been booming also this year with buyers requiring properties in all price ranges and again meeting this demand has been the big challenge.


Our growing residential team are here for advice and to help you reach your real estate goals. Come in talk to one of our team.


We are a part of the Realtors Network NZ which includes Barfoot & Thompson in Auckland, as a result of our referral system we have recently been entrusted with the task of selling the Housing New Zealand homes under the First Home Ownership Scheme.


This has generated a frenzy of activity as first home buyers apply for eligibility for the Government grant of 10% as well as pre approved finance.


Many of these first home buyers may miss out as there is a limited number of properties available but each will be in a better position to get into their first home after finding themselves pre approved and discovering just what they need to own a home.


It is very exciting to be apart of this and we all relish the satisfaction of helping these buyers realise their home ownership dreams.


I hope you enjoy our newsletter.

Jude Livingstone

Rural Round-up

It has been a pleasant boost to get some sunny spring weather after the wintry onslaught just a couple of weeks ago.


The sunshine is just in time for many farmers who are well into calving and lambing around the North Otago region and for those hill farmers shearing at this time of year.


With work continuing on the NOIC Water Scheme, the fine weather will allow the teams to continue without weather hold-ups, as I am sure there are many people anticipating the arrival of their irrigation.


Another huge boost for many will be the lift in Global Dairy Trade prices in the last auction, let’s hope it continues on that upward curve.


Prices are holding strong in the beef sector, with the lamb schedule lifting also, as usual for this time of year.


Prices are holding strong in the beef sector, with the lamb schedule lifting also, as usual for this time of year.


Property Brokers hosted a rural professional’s luncheon recently in Oamaru, along with breakfasts in the South and Mid-Canterbury regions.


These gatherings were well supported by rural bankers, solicitors, accountants, valuers and other rural professionals, offering an opportunity to discuss how together we can serve our rural clients.


Farmers are facing a lot of change and a lot of challenges from many angles including environmental compliance, changes to farming operations with irrigation plus many variables including product prices and weather patterns.


Increasingly farmers need a team of professionals behind them when making big decisions and implementing large changes. The Property Brokers rural team throughout New Zealand take a lot of pride in the quality of service we provide our clients and the strong relationships we build.

Rural Outlook hot line Spring