PHOTO: The couple saw the private sale sign by chance after leaving a third open home. Photo credit: Supplied.
A couple who snapped up their first home privately for less than the current valuation say without competition from other buyers, they don’t feel ripped off.
It comes as property prices are still rising despite the Government’s efforts to cool the market and the Reserve Bank outlook that the drivers of house price growth will “come to a grinding halt” and “go sideways” for some time, its May Monetary Policy Statement forecasting annual growth to slow from 21.5 percent in 2021 to 2.6 percent in 2023.
Current QV figures show nationwide, the average property value is $913,209, up 8.9 percent in three months. Realestate.co.nz figures show average asking prices went backwards in 10 out of 19 regions in April and May, but it’s “too early to tell if prices are starting to trend downwards”, spokesperson Vanessa Williams said.
For Cantabrian Anna and her partner, an afternoon feeling defeated after looking at three “pretty bad and crowded” open homes turned to one of hope after they spotted a private sale sign for a house down a long driveway.
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