Good value for money

Manawatu Standard - Property Weekly - - Front Page -

First home­own­ers and in­vestors are the main buy­ers of houses in High­bury, Remax sales con­sul­tant Greg Pear­man says.

‘‘While we are not High­bury ex­perts, we do sell prop­er­ties in that area. What at­tracts buy­ers is that with a house in High­bury they can see the value there, which they wouldn’t get any­where else.

‘‘The mar­ket in High­bury doesn’t see the highs and lows that can be seen in other ar­eas. They don’t get the lows, but they don’t get the big cap­i­tal gains ei­ther. In­vestors can also get a good re­turn on their in­vest­ment.’’

With more buy­ers in the mar­ket around mid $250,000 than list­ings, peo­ple are tend­ing to look for houses in other ar­eas, says Greg.

In De­cem­ber the me­dian price rose slightly to $210,000 and the num­ber of days to sell­ing rose to 45. A to­tal of 17 High­bury houses sold in that month.

Greg says he tends to tell buy­ers to look be­yond the area and to look in­stead at the street they are buy­ing into.

‘‘There are some very nice streets in High­bury that sell very well.

‘‘At the end of the day, houses in the $200,000 to $250,000 range are our bread and but­ter. So long as a house is priced right and pre­sented nicely it will sell whether it’s in Hokowhitu or High­bury.’’

Newspapers in English

Newspapers from New Zealand

© PressReader. All rights reserved.