Leonie's blog

Bill English delivered his budget yesterday.  No major surprises…though a lively debate in parliament :-).   So, what does it mean for property?  Employment and income are key drivers for housing demand, and the forecast economic growth (1.8% for the year to March 2012, then 4% and 3% for the next two years), job creation (170,000 net new jobs by 2015), and wage growth bodes well for the property market medium term.  First home buyers are currently active…with low interest rates, flat prices, and banks loosening criteria, realising now is a great time to buy or climb the property ladder.  Working in the other direction, however, Wellington will face some uncertainty from significant cuts to public sector spending over the next 3 years (almost $1b).

Leonie Snook and Steve Welsby, Top Wellington Real Estate Agents

I went on a baking spree and then we visited Ronald McDonald House last week.  It was fantastic and uplifting to meet people absolutely passionate about what they do.  They are camping in temporary premises, ready for the old house to be demolished and building to start on a new bigger and better house to help even more families.   If you want to get involved with this great cause visit their facebook page or website - http://www.givealotoflove.org.nz/. 

Leonie Snook and Steve Welsby, Top Wellington Real Estate Agents