Move to alert level 3 sees jump in property inquiries in Taranaki
ANDY JACKSON / stuff
There are strict rules about how property viewings take place during Alert Level 3. (File photo)
The traditionally bustling spring property market in Taranaki is heating up after the region is switched to alert level 3, agents say.
The real estate industry went completely online during Alert Level 4, but in-person private viewings have been possible since last Wednesday – despite strict rules.
Only two private viewings of a property can take place per day and the sellers are not allowed to be at home during this time.
In addition, only two people from the buyer bubble can participate in a private tour together with a licensee.
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But the rules haven’t stopped requests, even from outside the region, agents said.
“Private viewings are increasing, although we had more inquiries when we move to Level 2,” said Janine Baldock, Harcourts real estate agent.
“Especially by people outside the region, as the restrictions between the regions are still below level 3. That keeps everyone on their toes. “
While open houses and in-person auctions are still taboo, Baldock said the move to Level 3 has also made it easier for listings to come into the market.
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Remax New Plymouth Agent Shannon Ryan agreed that demand was high.
“Just think of how many people will make new Plymouth shine even brighter given the current unfortunate situation that Auckland is once again in,” he said.
Taranaki daily news
Remax real estate agent Shannon Ryan said property inquiries remained high.
There was a lot of uncertainty in the air with last year’s lockdown, but when people realized there was a surge of out-of-towners and expats wanting to move to the area, the market started up again, he said.
“This time we went into lockdown amid a market boom. However, since there are nowhere near enough apartments to buy or rent, our current local real estate requirements are far from being met. “
The Real Estate Institute of New Zealand’s latest monthly real estate report, dated Aug. 12, found that Taranaki had an average home price of $ 530,000 in July, up 19.8 percent from the previous year.
Meanwhile, South Taranaki had a record median price of $ 435,000, beating its previous record of $ 420,000 in May 2021, the report said.
The market was fast moving, with a median of 28 days to sell, up from 25 days at the same point last year.
Jane Simonson of Ray White New Plymouth said she thought this year’s move out of the Level 4 lockdown was busier than the first time.
“We are receiving strong inquiries from across the country with buyers actively looking to move to our region.”
The move to level 3 was an advantage, she said.
“For sellers who would like to take advantage of the traditionally active spring market, we now have the opportunity to photograph houses, coordinate productions and arrange general due diligences such as building tours.”
The move to Level 3 has also resulted in moving companies now able to help people move into their new homes.
“We can move our customers’ furniture, but they cannot be home at the same time as our staff,” said Dave Matthews, Director of Taranaki Relocations.