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The Hutt River serves as a peaceful reflection of the real estate market's journey in 2023. It has flowed along quite nicely, occasionally picking up pace, and has been far from dull!

With a steady economic climate luring buyers back into the fold and a conclusion to the election, the market is much better than it has been, as seen by the figures from October released by REINZ.

From the day after the election, buyers have come out in force. Multi offers have returned as confidence rises, where first home buyers are keenly wanting to own a home and those who have one are trying to move to a more suitable one.

As we step into the season of Spring, we've observed a slight uptick in the number of new houses entering the market and an increase in sales compared to the previous month.

As Spring Approaches what will the Property Market Bring The real estate landscape in Lower Hutt as Spring approaches is experiencing…

July's winter chill has brought about a notable shift in the Lower Hutt property market. Listing stock has dipped by 29% compared to the same time last year, yet a surge in enthusiastic first home buyers on the lookout for their ideal starter home has emerged.

Property markets move in cycles, ups and downs, ebbs and flows, and the commentary says we are approaching the peak of interest rates, and my internal radar says we are at the bottom of house values

Median house prices across the country continue to drop, with the median sale price in Lower Hutt for December 2022 to February 2023 sitting at $750,000, a decrease of 17% compared to a year ago.

When our property market is in the doldrums it is hard to see how things will change, but if history repeats itself as it has for over a century, prices could go through the roof in the 2030s, and maybe sooner.