Palmerston North Residential Property Sales on a high

The Manawatu region recorded the strongest lift in prices (+4.5%) for the month of May, resulting in 142 sales which is the highest monthly volume for more than 2years. As you can imagine this has put a huge dent in the number of available properties for sale. Demand remains strong; buyers whom previously had time on their side to be choosy do not have that liberty with multiply offers becoming quite common place.

The lift in volumes was also above the national median with 27.4% more houses sold in May 2011 compared to April 2011 and almost 20% compared to May 2010. Palmerston North City showed consistent volume growth across both periods, while other parts of the region had more mixed results.

There appears to be an emerging shortage of listings occurring in Palmerston North City with a noticeable increase in buyer interest, although this trend is not consistent across the region.

Knowing the value of your most valuable asset – your home- is vital

For planning and financial management, you knowledge of value is your basis for creating further financial wealth and freedom.

At Property Brokers, we can provide you with the facts, and demonstrate to you the equity that is available in your property.
We are happy to provide you with this complimentary service, which includes:

• Facts on the property sales in your area
• A report on properties currently for sale in your area
• The facts on the current state of the property market

The reason we offer you this free service is simply because the better we know the people and properties in our area, the better the service we can provide.

You win by gaining a better understanding of the facts and figures surrounding your home, and we gain by getting to know the people and properties in our area.

The service is completely obligation free!
 
If you wish to take advantage of this offer, please email me barrym@propertybrokers.co.nz

Thrilled Palmerston North Real Estate Clients Receives Free Ipad

Palmerston North Real Estate Agent Barry McKean was delighted to present his clients a "Free Ipad"

Earlier this year Barry ran a promotion where people whom listed their property with him within the promotional period would receive a free Apple Ipad upon their property being sold. The promotion was a huge success generating a huge amount of inquiry.

Barry said that giving has that real feel good factor and was as excited as his client was to receive it.

Barry McKean
Property Brokers Residential Specialist
021 372 422
ddi: 06 3512869

Hokowhitu Primary School benefits from Sponsorship Program

Barry McKean presents Hokowhitu Primary School principal  Alan Alach a cheque of $500.00 through the School Sponsorship Program.

More than just an apple for the teacher!
Barry said our aim: $100,000 donated to local schools in the next year.
We know first hand how difficult it is for schools to raise additional money to supplement annual funding.

We know that providing quality education for our children is the single most important thing for our schools and every extra dollar makes an immense difference.

How you can help…..

Every year a number of people sell property. If you are considering selling your property simply entrust “Barry McKean” exclusively to sell your property. When your property sells we will donate the sum of $500.00 to the nominated school of your choice.

It’s that easy

Thrilled Real Estate Client Receives Free Ipad

Palmerston North Real Estate Agent Barry McKean was delighted to present his client a "Free Ipad"

Earlier this year Barry ran a promotion where people whom listed their property with him within the promotional period would receive a free Apple Ipad upon their property being sold. The promotion was a huge success generating a huge amount of inquiry.

Barry said that giving has that real feel good factor and was as excited as his client was to receive it.

Barry McKean
Bayleys Residential Advisor
021 372 422

Somerset Crescent Primary School receives donation through Sponsorship Program

Barry McKean proudly presents another $500.00 donation Robyn Tootill principal of Somerset School.

Barry says there is nothing quite like the reception you receive from the schools when handing over the cheque, these people are truly over the moon, its just a great feeling. The more I give the better it feels.

Palmerston North Boys High benefits from Sponsorship Program

Barry McKean presents Palmerston North Boys High School Rector Tim O'Connor a cheque of $500.00 through the School Sponsorship Program.

More than just an apple for the teacher!
Barry said our aim: $100,000 donated to local schools in the next year.
We know first hand how difficult it is for schools to raise additional money to supplement annual funding.

We know that providing quality education for our children is the single most important thing for our schools and every extra dollar makes an immense difference.

How you can help…..

Every year a number of people sell property. If you are considering selling your property
simply entrust “Barry McKean” exclusively to sell your property. When your property sells we will donate the sum of $500.00 to the nominated school of your choice.

It’s that easy

ANZ, National banks cut mortgage rates

10:25 AM Tuesday Mar 1, 2011

photo / supplied

Sister banks ANZ and National have cut one year, 18 month, two year and three year fixed-term interest rates following falls in wholesale interest rates and forecasts the Reserve Bank will cut the Official Cash Rate (OCR) following last week's devastating Christchurch earthquake.

ANZ and National Bank have cut their one-year fixed term home loans by 50 basis points to 5.95 per cent. That takes them below the variable, or floating, home loan rates on offer from all the major banks which are above 6 per cent.

The two have also cut their 18 month fixed rate by 26 basis points to 6.29 per cent, their two year fixed rate by 16 basis points to 6.49 per cent and three year home loan rate by 11 basis points to 6.99 per cent.

The ANZ and National mortgage rate cuts come after parent ANZ New Zealand recorded housing term lending growth of just NZ$6 million to NZ$53.89 billion in the three months to December.

"Wholesale interest rates have recorded decreases across all terms," the two banks said in statements.

"In addition markets are now forecasting a drop in the OCR, leading to lower interest rates generally. In response to lower wholesale rates, we are today announcing drops in our fixed rate home loan and term deposit rates."

The ANZ cut its five month term deposit rate by 50 basis points to 4.5 per cent, their six month rate by 25 basis points to 4.25 per cent, their nine month rate by 40 basis points to 4.6 per cent, one year rate by 50 basis points to 4.6 per cent, 18 month rate by 60 basis points to 4.8 per cent and two year by 50 basis points to 5 per cent.

National Bank cut its five month term deposit rate by 25 basis points to 4.25 per cent, six month rate by 50 basis points to 4.5 per cent, nine month by 40 basis points to 4.6 per cent, one year by 50 basis points to 4.6 per cent, 18 month by 60 basis points to 4.8 per cent and two year by 50 basis points to 5 per cent.

INTEREST.CO.NZ