Lynn Gore at Unlimited Potential Real Estate

24/01/2025

An exciting new listing!! This fabulous lock up and leave is within easy access to the dream location of Kohimarama beach. View this weekend 2.00 - 2.30pm

This ultimate lock-up and leave, cedar board and batten townhouse is a level walk to Kohimarama Beach and the waterfront. Walk to the top of the garden and enjo...

07/11/2024

Surge in liftings on the back of tumbling rates.

07/11/2024

Selling a property involves a basic equation that relates to time taken to sell and price achieved. At any point in time, buyers assess the value of your home against the value of other homes and offer accordingly. Given that, vendors position themselves by price to be either the next home to sell in the area or somewhere down buyers preferred list.

In order to discover the best price the market will pay in the shortest time, the use of a deadline can be helpful. Either tender, auction or set sale date etc. Some homeowners choose to put a price on their property and wait for an offer. This approach is fine so long as the price is perceived to be good value relative to competing homes. If not, the overpriced home will languish.

In short, you can’t fool the house buying public, buyers make it their business to understand relative value. If a property is perceived to be overpriced, the homeowner will need to wait as long as it takes to find a special buyer, one for whom the attributes of the property make it worth them paying a premium.

With Christmas approaching, those looking to get a sold sign up should carefully consider the marketing position they are taking.

06/11/2024

An exciting first weekend at 16 Hakanoa Street, Grey Lynn!!

Auction on Wednesday 20 November at 4pm

Don't miss out on this opportunity. Located in one of the area's most desirable streets, this villa is a unique find, offering endless opportunities for those ready to make it their own.

Call me for further information +64 274 734500

04/10/2024

How lucky are we to have this deliciousness on our doorstep! 🤩

04/10/2024

It’s clear the prospect of a further OCR drop next week is stimulating overall activity in the residential property market. Albeit, that the number of sales is on the increase, property prices have yet to show significant signs of gain https://www.corelogic.co.nz/news-research/news/2024/rate-cuts-havent-pumped-up-house-prices-yet

Looking forward, we anticipate another OCR drop next. Whilst prices have fluctuated recently, we expect the market to continue its gradual recovery, especially as economic conditions improve. If you’re thinking about selling, this is a great time to take advantage of the increased buyer interest. Here at UP Real Estate, our sales rate is on the increase with many multiple offers, auction sales under the hammer and auctions being brought forward.

06/09/2024

The shift downwards in the OCR (Official Cash Rate) on August 14 has proven to be the catalyst for a 30% increase in visitors to our website. With the likelihood of further interest rate cuts on the near horizon, buyers are proceeding to purchase in the full knowledge that their mortgage cost is likely to decrease.

Similarly for those homeowners who have been looking for the right time to sell – this Spring is more positive than it has been for last two years. Buyers are definitely on the hunt, we have made many sales in the last 30 days, some in 7-10 days. We have many examples of properties that have enjoyed the benefit of our new targeted Spring Marketing Packages. We’d love to explain, call us anytime.

22/08/2024

Real estate market statistics are inherently historical, reflecting past events that may not be immediately useful for buyers or sellers today. The recent drop in the OCR has marked a pivotal moment, signalling a future of declining mortgage rates—an impact that lies ahead. We've already seen a positive shift, with some properties experiencing increased foot traffic and multiple offers.

In short, our current observations show that buyers recognise they can now purchase with confidence, knowing mortgage rates are falling for the first time in four years. The market is clearly heating up as we head into Spring!

Thinking of selling? Now is the perfect time. Call us anytime for an up-to-date snapshot of the market.

14/08/2024

Today’s 2pm announcement by the Reserve Bank of a 0.25% cut to the Official Cash Rate marks a turning point. The first cut since 2020, it will hopefully inject confidence into future prospects for business and the economy generally.

We've been observing a shifting dynamic in the property market for some time, today’s announcement is the confirmation of the shift that will change the dynamics of a property market that, on the back of the recent mortgage rate cuts, has just started to be reinvigorated.

Thinking of selling? The green light has just come on.

29/07/2024

An optimal moment for buyers is approaching, if it’s not already here. Homeowners currently selling are keen to meet the market, and with mortgage interest rates on a downward trend, this is the time to buy.

While activity in the Auckland market remains subdued, economic indicators suggest a shift is imminent. Inflation has dropped to a three year low of 3.3%, the NZX50 is at a 52 week high and major banks are reducing interest rates in anticipation of an OCR rate cut by the Reserve Bank.

Although transactions are currently challenging and overall turnover in the Auckland housing market remains low, this won’t last. The resurgence will likely be bolstered by the official start of Spring and Auckland's traditional listing season, which begins in just 40 days.

Now is the time to seize opportunities in the Auckland property market. Our dedication to offering insight and guidance remains unwavering, ensuring you can navigate the market with confidence.

If you've been delaying your decisions, now is the time to get in touch.