The property market has entered an interesting phase. I’m told the volume of houses sold in central Auckland is 30% lower than at the same time last year. In South Auckland the numbers are 50% lower.

The upcoming election will be a factor in this sales pause, along with a general climate of uncertainty. Some people are wondering whether interest rates will move upwards. It seems buyers and sellers are sitting back to see what happens.

If you are a first-time buyer – or the parent of one – winter 2017 could be the ideal time to get into the market. There’s a lot less competition now, so you’re unlikely to be outbid in a runaway auction process. The vendors in the market right now may be keener than previously to sell to a buyer who has his or her lending lined up.

You will also be viewing houses in midwinter conditions; in other words, when they’re at their least appealing. Without the distractions of sunny days and indoor-outdoor flow, you’ll be able to see if it’s a home where you could enjoy living all year round.

Right now, you can also lock in a pretty good interest rate. While there have been hints of an upward movement, there is still lending available at rates that are very competitive compared to the long-term average.

As always, the key is to talk to us first. Line up your finance before you commit to a purchase. We’ll make sure everything’s sorted so you can go house hunting with confidence.

Are you looking to change your mortgage or apply for a new one? Make sure you talk to us as soon as possible. Make an appointment.