Property market inquiries more active in February
Firstly, to those of you who have friends and relations affected by the devastating earthquake and its terrible aftermath, we at Bayleys want you to know that our thoughts are with the people of Christchurch.
We have the utmost admiration for the way the residents and rescuers are pulling together to cope – it must be horrific.
Enquiries in the Matamata market have been much more active during February and Bayleys has experienced an increase in walk-in clients as well as internet hits – a couple of people asked for information to send to their relations who want to leave Christchurch.
Open homes last Sunday saw some prospective buyers out and about including a couple of investment buyers indicating that the drop in interest rates may be starting to take effect.
The country team has noticed a strong lift in buyer demand for dairy farms and support properties in the wider Matamata region, as demonstrated by the successful sale of the 136ha Okoroire farm at auction last week.
This property had an extremely high number of viewings through the open days and sold under the hammer at auction with five cash bidders actively competing for the property.