How policy changes could impact Wellington’s housing market The reduction of the bright-line test, coupled with new loan-to-value ratio (LVR) rules and debt-to-income (DTI) caps, is poised to affect the Wellington housing market in various ways. As one of Tommy’s Real Estate’s leading agents, I’d like to shed some light on what these changes could mean for homeowners and prospective buyers.  It’s essential for both homeowners and potential buyers to stay informed and consult with experts to understand how these policy shifts might impact their specific circumstances. For example, the low ..read more

Wellington’s Housing Market: Dynamic and Diverse Despite Winter Wellington’s housing market remains dynamic and diverse despite the onset of winter, report two of Tommy’s Real Estate’s top agents. “This year, we’re witnessing a diverse landscape,” Alexia Stoddart notes. “While it’s true that some segments may experience a seasonal dip, we’re also seeing pockets of robust activity where some properties are attracting multiple offers. Listings remain strong in certain areas, especially those where demand continues to outstrip supply. Overall, there’s a mix of competitiveness and opportunity depe ..read more

Community Spotlight | Wellington Free Ambulance Since 2018 Tommy’s has been a long-term Business Partner of Wellington Free Ambulance and in that time they have gone above and beyond to support their life-saving work serving all our communities. Every year of the partnership Tommy’s has donated funds to help ensure the crews at Wellington Free are ready and able to respond to people all across the region.  As well as financial support the team have also been regular supporters of the flagship annual appeal – Onesie Day, collecting and raising funds. “Onesie Day street collection is a fun ..read more

Wellington’s Housing Market: Dynamic and Diverse Despite Winter Wellington’s housing market remains dynamic and diverse despite the onset of winter, report two of Tommy’s Real Estate’s top agents. “This year, we’re witnessing a diverse landscape,” Alexia Stoddart notes. “While it’s true that some segments may experience a seasonal dip, we’re also seeing pockets of robust activity where some properties are attracting multiple offers. Listings remain strong in certain areas, especially those where demand continues to outstrip supply. Overall, there’s a mix of competitiveness and opportunity depe ..read more

Twenty-five years ago Tommy Heptinstall and David Platt blazed a new path in Wellington real estate when they lit up the market with an iconic green logo that symbolised their go-getting drive to be the best. “When Tommy’s Real Estate started we gave our competitors a fright for sure,” David says. “Our colours and branding were bold and stood out. We had a young sales team and people could see we were having fun doing what we did. “We were one of the first real estate offices to have a good website and very quickly our competitors were rebranding or tidying up their brands.” But the cornerst ..read more

Wellington Market Update | May 2024 Tim Clark of Tommy’s Real Estate predicts Wellington’s resilient property market will remain stable for the next year, despite a challenging economy. “Across the Wellington market, we’re seeing that prices have stabilised, activity levels are up, and there’s plenty of stock available for buyers to choose from,” he says. “Buyer sentiment is improving, and properties priced right are selling swiftly, indicating a well-balanced market. “Wellington’s resilience is evident as the market adapts and navigates through the recent economic changes.” Assuming no sign ..read more

Wellington Market Update | April 2024   Wellington house prices are slowly “bouncing back” in the face of a challenging economy, Tommy’s Real Estate Sales Director Tim Clark says.    The latest QV House Price Index report shows Wellington was second only to Queenstown for house price growth in the first quarter of 2024.   “Of the main urban areas we monitor, Queenstown experienced the most growth this quarter at 2.7 percent, with Wellington and Christchurch not far behind on 2 percent and 1.5 percent respectively,” QV says.   “Once again, Kapiti (5 percent) has record ..read more

Wellington Market Update | March 2024 A huge upsurge in houses for sale in Wellington means not only sellers have to put their best foot forward but buyers need to be on their toes, too. That’s the advice of Tommy’s Real Sales Director Tim Clark following the release of Real Estate Institute of NZ data that showed a 148 per cent hike in January listings across the region. “The Wellington market has seen a large number of new listings and at Tommy’s Real Estate we have a large portion of those,” Tim says. “So there is plenty of choice for buyers right now and sellers need to make sure they pu ..read more

Wellington Market Update | February 2024 More houses for sale, the prospect of lower interest rates, and the likelihood of improved capital gain make this the optimal time to buy a home in Wellington, Tommy’s Sales Director Tim Clark says. “The Wellington market is experiencing a unique moment in time right now. “Prices have settled into their new normal, lots of new stock is coming to the market and increased buyer activity is resulting in multi-offers. “We also have pundits suggesting that interest rates will start to decrease sooner than expected and predicting house prices to increase as ..read more

Wellington Market Update | January 2024 Buy now if you can! That’s the advice of Tommy’s Real Estate Sales Director Tim Clark, who predicts a buoyant year for the housing market in Wellington. “We have hit the ground running,” he says. “It’s been the busiest start we have seen in the last two-to-three years, with lots of new listings coming to market and lots of buyer activity. “We have sold more this year than we did at the start of January last year, which is a continuation of the trend from the last couple of quarters of 2023.” The Real Estate Institute of NZ’s December property report not ..read more