Low interest rates would help the market bubble along – Century 21

Century 21 New Zealand has predicted that low interest rates would help the market bubble along not only for prospective first-home buyers but also for existing homeowners.

The real estate company’s latest market pulse pointed out that changes caused by low interest rates would soon give many Kiwis the best opportunity to climb the housing ladder.

Derryn Mayne, owner of real estate company Century 21 New Zealand, has advised homeowners to “take some positive action” in the coming months.

“Low interest rates will definitely help the market bubble along and I’m not just pointing to prospective first-home buyers. Existing homeowners should seriously consider the coming months as possibly the best time in a long time to take some positive action,” Mayne said. “What an opportunity for many Kiwis to take that next step on the housing ladder – to purchase a slightly better or bigger place for a fair price, funded by record-low borrowing costs.”

Read more: Report reveals real estate growth in North Waikato

Mayne noted dwindling numbers of salespeople across the country as activity drops off in various areas, but acknowledged Century 21’s teams that keep holding strong and even continue to grow in many cases.

“Subsequently, unlike other New Zealand real estate spokespeople, I’m predicting a stronger summer for our company than last summer,” she said. “Our salespeople are exuding some really positive energy, and again if the third quarter bounce is anything to go by, this quarter and the next one will shine.”