Harcourts Reports Positive September

31 October 2005

Harcourts Reports Positive September With Confident Buyers

September 2005 came and went proving that Harcourts’ huge $200 million more in written sales in August 2005 compared to August 2004 wasn’t just a one-off, according to Harcourts New Zealand CEO Bryan Thomson.

“The September marketplace throughout the country saw Harcourts enjoy another positive month with both listings and sales. New property coming to the market was at a similar level to September 2004 and welcomed by buyers confidently competing at current price levels to purchase their selected property.”

Summing up the September month in the latest issue of Harcourts’ MarketWatch newsletter, Mr Thomson noted that the public had been exposed to a number of local and national issues and their potential impact on the real estate market “from the election result with its various “deals”, the New Zealand dollar, interest rates, inflation, the war in Iraq, and of course the bird flu.”

He added however that it was important for buyers and sellers to focus on the ‘drivers’ behind the real estate market rather than other factors which had much less of an impact.

“The real estate market is driven by job security and job growth, individuals’ incomes, confidence in the future, business success and immigration – which all add up to a positive situation at the moment. He added that most real estate sales were made to owner occupiers and/or long term property investors in contrast to the ‘hype’ which often focused on speculators or extreme cases.

“Owning and living in your own home is about so much more than money. It’s about building families, communities and security.”

ENDS

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