Australasian real estate super brand Raine & Horne is extending its presence in the Whangarei District as the latest realestate.co.nz latest property report reveals a 3.8% year-on-year increase in values across the Northland region, with a stunning 10.5% month-on-month surge in September[i].

Realestate.co.nz attributes the market improvements to a more favourable economic environment for buyers, fuelled by falling interest rates, easing inflation, and the August OCR cut, spurring increased buyer activity.

While this is great news for vendors, stock levels remained high during September, providing potential buyers with plenty of options for finding their perfect property.

Total active users on realestate.co.nz were at an all-time high during September, up 28% on this time last year. Additionally, the site experienced its largest international audience in more than 12 months, with searches from Australia up 35%, the United States up 16%, and the UK up 25% year-on-year. Residential sale enquiries were also up by 9.6% year-on-year.  

Vanessa Williams, spokesperson for realestate.co.nz notes that while high stock levels will take time to clear, market shifts are inevitable. “Although we won’t see the market change overnight, it is cyclical, and eventually, we will see movement. For those waiting for the perfect time to enter the market, this could be the window of opportunity they’ve been hoping for.”

Agents across the Northland region share this sentiment. In Whangarei, Jenny Martin, who leads Raine & Horne Whangarei, brings over 20 years of local experience. With her deep understanding of the area’s property market, Jenny and her team provide honest and accurate valuations through comprehensive comparative market analysis. They also offer recommendations on maximising property value and attracting more potential buyers.

If you’re considering buying or selling a property, contact your local Raine & Horne office for expert advice and support.

[i] https://news.realestate.co.nz/blog/new-zealand-property-market-2024-september?lid=adfmiw1rpzpq