Buy­ers are be­gin­ning to slowly re­gain con­fi­dence

South Waikato News - - Property - SU­SAN ED­MUNDS

Hay­ley Ludgate says now is a good time to buy a prop­erty – pro­vided you do not ex­tend your­self.

She and her hus­band, aged 21 and 23 re­spec­tively, re­cently sold their first house in Whangarei and bought a piece of land in Kamo on which they will build a house.

Price rises seemed to have slowed, she said.

The cou­ple were not ac­tively look­ing but a block came on to the mar­ket near her fam­ily farm.

‘‘We missed out on a multi of­fer for that. While we were look­ing at it, we had a guy from [con­struc­tion com­pany] Home­world look at it.

‘‘He later con­tacted us about the Kamo block, so it was ac­tu­ally never listed. Real es­tate agents said we wouldn’t find a block any­where around Whangarei for un­der $200,000, well, we got ours for much less.’’

She said they made money on the sale of their first house – enough to cover the 10 per cent de­posit needed on the con­struc­tion loan de­posit and pay off some debt.

More buy­ers are likely to de­cide they share her sen­ti­ments over the com­ing months, ASB’S chief econ­o­mist says.

05112015. Photo: 123rf.com Stock Photo - Red Sold For Sale Real Es­tate Sign in Front of House.

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