Real Property Kerikeri
A team you know, experience you trust.
A business built on genuine care
Founded in 2004, REAL Property Kerikeri has gained a reputation for outstanding results over the last 20 years. As market leaders in the area, the key to our success is a combination of genuine care, professional integrity, in-depth local knowledge and a highly personalised approach that delivers the best outcomes for clients.
You can be sure that the care for our clients is always at the centre of everything we do, because real estate is about people as much as places. Whether you’re looking to buy or sell property in the Kerikeri area, you’ll notice the ‘Real’ difference immediately. Each client benefits from the expertise and contacts of our entire team of specialised local agents, working together to achieve the best result. It’s more than our job, it’s our passion, and we take pride in delivering exceptional service that goes above and beyond.
Properties we think you'll love
Meet your Team
As the trusted advisors for hundreds of repeat customers over the years, we have built a community based on long-lasting relationships. Talk to our friendly, professional team for no-obligation advice about your property interests today.
Owner / Licensee
Owner / Sales Consultant
Sales Consultant
Sales Consultant
Sales Consultant
Sales Consultant
Sales Consultant
Sales Consultant
Commercial Sales & Leasing
Marketing and Creative
Receptionist and Customer Relations Administrator
Contract Management and Account Administration
What Our Customers Say
Very professional and personable
Vince was extremely helpful during the whole process of purchasing my property. Always responded promptly to my many queries. Very professional and personable.
Nothing was too much trouble
Terri is the perfect balance of professionalism, adept understanding of the legal/financial requirements and Kerikeri charm! Nothing was too much trouble for us 'out-of-towners' to purchase. She met us at the airport, showed properties to meet our brief and followed through with excellent communications. We are very happy customers and purchased a great house with no fuss. Terri is highly recommended. Jennifer Looman
Fantastic Agent
Fantastic Agent Pete has been absolutely amazing and always went the extra mile which was a godsend as we were living out of town. Pete has great knowledge of Kerikeri and the market and was transparent with us through the whole process. We would highly recommend Pete and the team at REAL Verified by RateMyAgent
Finding a new home in Kerikeri
Jenny found the Real Kerikeri Team a delight to work with when looking for a new home from outside of town.
Latest News
Stay up to date with our latest market updates and property news
May Residential/Lifestyle Market Report
April marked another great sales month for our team with 9 unconditional sales bringing our total number of residential sales in Kerikeri to 26 for the year. This emphasizes our view that well-presented and well-marketed properties will sell no matter the market conditions. Timelines to sell may be a little longer than a few years ago but buyers and sellers are adjusting to the current market dynamics. The bottom line is there are always plenty of reasons for people to want to move. While median prices are down from their peak of 2022 they are still tracking above the trend-line for property appreciation which typically doubles every 10 years in New Zealand. In many cases sales are providing better returns on investment than other parts of the country. While this is good news for property owners it can tend to dampen the appetite of those buyers who have sold at large discounts in other part of the country. Those that are moving here and buying are cautiously doing their homework and are selective in their buying decisions. Competitive pricing remains of critical importance in this market where there is a wider array of choices for buyers. Around 65% of house sales this year have sold for under $1 million up from around 58% last year and 46% in 2022. Inventory levels are high with 85 weeks of properties available at current sales volumes but are at much lower levels in the under $1millon bracket. Consequently, the higher price brackets have compressed back on the lower brackets, a bit like an accordion, which is the reverse effect we saw in 2020 to 2022 when the market was stronger for vendors. Bare land sales are still slow for the third year in a row and consequently building consents are significantly down as people favour purchasing existing homes over building new homes. All of this is creating opportunities for first home buyers to get on the ladder and for those in a position to “buy up” to do so with capital input and less competition than it may have taken a few years back. Even with higher interest rates, those who can make the change now stand a greater chance of acquiring the bigger property or higher quality home and increasing their equity position in the long term as prices rebound and interest rates lessen. Pop in for a coffee and a chat about market conditions and opportunities to achieve your property goals with any of our team at your leisure. We hope to hear from you soon....
Best Time To Buy
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 Kerikeri. The Kerikeri 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. Some economists are suggesting that interest rates will start to decrease sooner than expected and predicting house prices to increase over the course of 2024. I have a view that the Reserve Bank has over-crunched the economy and will play catch-up policy easing from late this year. So, if I were borrowing at the moment, I would probably take a mix of 6 and 12 month rates. “Tony Alexander Economist. For buyers, this means that for the first time in years it will likely get easier to service a new mortgage over time rather than harder. This combined with expected capital gains, means now is a great time to buy. More stock means more competition for vendors. Presentation and pricing are more important now than ever. The ones that do, are likely to see a successful marketing campaign with possible multiple offers that will result in the best possible price in the current market. We expect the current market conditions to remain steady while the economy is correcting itself. First home buyers are back and this is a welcoming sign for a healthy property market. There is always a reason why someone wants to either move up or downsize. In a steady market you will find that the gap between what you are buying and what you are selling isn’t as huge. It doesn’t matter where you are, good houses always seem to find buyers, no matter what’s happening in the market. Right now is a sweet spot for buying. If you want to find out more about how our unique, high-performance system can help you achieve your property goals please give us a call or pop into our office anytime. We would be glad to show you around and make you a coffee while you are here....
Property Investors back in business, the bill heralding property tax change is released.
At long last, and after various “amendments” to the pre-election promise to restore interest deductibility for residential lending, the bill that will change the law to deliver on the promises has been released. This contains mostly good news for property investors. Sense and fairness are being restored in some measure. Perhaps now we will hear less from uninformed journalists reporting that “tax breaks” for landlords are to be reinstated. The ability to take a tax deduction for interest on money borrowed to buy an income earning asset, that every other industry enjoys, could hardly be described as a tax break. So what are the key changes? Interest deductibility the be phased back in for residential lending. Brightline to be returned to two years from 1 July 2024 Depreciation on commercial buildings to be removed from 1 April 2024. What’s not being done? The much-hated loss ring fencing rules that are a targeted measure at residential landlords remains, meaning that if your restored interest deductions tip you from profit to loss, these losses can only be offset against residential rental income, not your other personal income. The detail in the bill has provided answers to some of the nagging questions that remained when we were reliant solely on political promises to map our property strategies. Here are the key take aways. Interest deductibility. Residential interest deductibility will be as follows. 2024 year 50% (not the 60% promised in the coalition agreement). 2025 year 80% 2026 year 100% Importantly, the deductions will be available for all residential property, regardless of whether it was acquired before or after 27 March 2021. So, if you purchased a non-new build property after this date, you will gain 80% deductibility for the 2025 year. Accountants have been waiting for clarity on that point and thankfully, it is there. If you find yourself with a tax liability for a sale within a brightline period, you will also be allowed to claim the interest you have thus far been denied a deduction for against the brightline gain. Brightline The changes restore brightline to 2 years for brightline end date sales that occur after 1 July 2024 ie, for agreements entered into post 1 July 2024. The complex time and land area apportionment rules associated with the main home exemption will be simplified. The main home exemption will again apply as it did originally when the land has been used predominantly (more than 50%) for most of the time the person has owned the land. In a surprise and welcomed move, the current rollover relief provisions will be extended to include all transfers of land between associated persons provided the transferee was associated to the transferor for at least two years prior to the transfer. This change recognizes that transfers between associates, that include things like normal estate planning measures, are not the speculative land transactions the brightline rules were originally designed to capture. Hallelujah, some sensible flexibility that will reduce the incidence of unintended consequences from the brightline rules is to be introduced. Removal of depreciation on Commercial Buildings. One of the measures designed to fund tax cuts to middle income earners was the removal of the 2% depreciation deduction on commercial buildings. This is included in the bill and will apply to the 2025 income year. The ability to depreciate separately identified fit out and chattel item’s remains as these items are not buildings. On that point, remember the purchase price apportionment rules apply to commercial acquisitions, these rules bind both vendor and purchaser to the same split between land, buildings and fit out, so the fit-out value of an acquisition needs to be determined and negotiated with the vendor. You can no longer simply commission a fit-out valuation after settlement. So, there you have it, these are the tax measures designed to restore a functioning private landlord sector in New Zealand. Back in business. Written by Mark Withers - PKF Withers Tsang https://pkfwt.co.nz/meet-us/mark-withers/...
Market Update: February 2024
A busy start to the year! It has been a surprising start to the year for us, with massive numbers of appraisals and new listings, a slow but steady increase in buyer enquiry and a fair amount of time advising and reassuring vendors that things will get back on track. We have recorded 16 conditional sales in February but more than half of these rely on other sales chains to complete. 75% of these are under $1million. Looking back REINZ reported 12 unconditional sales for January compared with 14 in December. This is a result of the typical lower levels of buyer activity in December leading up to the Xmas period. The outlook for February at the time of writing this report looks similar to January. Record numbers of new listings and appraisals On the reverse side, the number of appraisals and new listings coming onto the market so far this year has broken all records. The paralysis caused by the uncertainty leading up to the election, the delays with forming a government and then Xmas has led to a herd of sellers coming to the market at once. Consequently, inventories have shot up with latest numbers approaching 400 listings on TradeMe up from 340 just a few months ago. This is good news for buyers and sellers. It provides more choice for buyers than they had previously except in the lower price brackets where inventory is still slim. In time, it stimulates more activity across the whole market. More inventory and fewer buyers are shifting the higher price brackets firmly into the buyer’s market category. Inventories in the over $1million bracket would take over 2 years to clear at current sales volumes and motivated vendors with deadlines are seeing the writing on the wall and reducing asking prices to meet the market. Price outlook Our feeder markets are showing signs of an upswing with Auckland prices on the rise although sales volumes are still relatively low and 70% of auctions are being passed in. Most economists are predicting that the higher interest rate levels will continue to hold the New Zealand property market at bay for at least the next 6 months of 2024. Our observations are that most of our buyers are planning to make a sideways move to Kerikeri from another area or wish to downsize. Only a few are looking to upsize. This is a sign of our economic times in New Zealand. At our current price level, even people from many Auckland suburbs find it hard to move here and release equity to live on as they have been able to in the past. Until the price differential widens again (either increases in our feeder markets or further decreases here) then some people may choose to move to more affordable parts of the country. With the majority of buyers looking to downsize, the higher demand is for lower priced properties resulting in lower inventories and leaving high inventories in the higher brackets where demand is lower. First time homebuyers remain mostly non-existent which ties to our higher than NZ average prices, lower than average wages and a challenging lending environment. Investors appear to be sitting on the fence although a few seasoned, cashed up investors are starting to play their cards as opportunities present themselves. As reported in December, much of our sales activity depends on stimulus from Auckland and other centres. Usually a major shift in these markets takes 3 to 6 months to impact on ours. We watch with interest as these markets change over coming months....
May Residential/Lifestyle Market Report
April marked another great sales month for our team with 9 unconditional sales bringing our total number of residential sales in Kerikeri to 26 for the year. This emphasizes our view that well-presented and well-marketed properties will sell no matter the market conditions. Timelines to sell may be a little longer than a few years ago but buyers and sellers are adjusting to the current market dynamics. The bottom line is there are always plenty of reasons for people to want to move. While median prices are down from their peak of 2022 they are still tracking above the trend-line for property appreciation which typically doubles every 10 years in New Zealand. In many cases sales are providing better returns on investment than other parts of the country. While this is good news for property owners it can tend to dampen the appetite of those buyers who have sold at large discounts in other part of the country. Those that are moving here and buying are cautiously doing their homework and are selective in their buying decisions. Competitive pricing remains of critical importance in this market where there is a wider array of choices for buyers. Around 65% of house sales this year have sold for under $1 million up from around 58% last year and 46% in 2022. Inventory levels are high with 85 weeks of properties available at current sales volumes but are at much lower levels in the under $1millon bracket. Consequently, the higher price brackets have compressed back on the lower brackets, a bit like an accordion, which is the reverse effect we saw in 2020 to 2022 when the market was stronger for vendors. Bare land sales are still slow for the third year in a row and consequently building consents are significantly down as people favour purchasing existing homes over building new homes. All of this is creating opportunities for first home buyers to get on the ladder and for those in a position to “buy up” to do so with capital input and less competition than it may have taken a few years back. Even with higher interest rates, those who can make the change now stand a greater chance of acquiring the bigger property or higher quality home and increasing their equity position in the long term as prices rebound and interest rates lessen. Pop in for a coffee and a chat about market conditions and opportunities to achieve your property goals with any of our team at your leisure. We hope to hear from you soon....
Best Time To Buy
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 Kerikeri. The Kerikeri 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. Some economists are suggesting that interest rates will start to decrease sooner than expected and predicting house prices to increase over the course of 2024. I have a view that the Reserve Bank has over-crunched the economy and will play catch-up policy easing from late this year. So, if I were borrowing at the moment, I would probably take a mix of 6 and 12 month rates. “Tony Alexander Economist. For buyers, this means that for the first time in years it will likely get easier to service a new mortgage over time rather than harder. This combined with expected capital gains, means now is a great time to buy. More stock means more competition for vendors. Presentation and pricing are more important now than ever. The ones that do, are likely to see a successful marketing campaign with possible multiple offers that will result in the best possible price in the current market. We expect the current market conditions to remain steady while the economy is correcting itself. First home buyers are back and this is a welcoming sign for a healthy property market. There is always a reason why someone wants to either move up or downsize. In a steady market you will find that the gap between what you are buying and what you are selling isn’t as huge. It doesn’t matter where you are, good houses always seem to find buyers, no matter what’s happening in the market. Right now is a sweet spot for buying. If you want to find out more about how our unique, high-performance system can help you achieve your property goals please give us a call or pop into our office anytime. We would be glad to show you around and make you a coffee while you are here....
Property Investors back in business, the bill heralding property tax change is released.
At long last, and after various “amendments” to the pre-election promise to restore interest deductibility for residential lending, the bill that will change the law to deliver on the promises has been released. This contains mostly good news for property investors. Sense and fairness are being restored in some measure. Perhaps now we will hear less from uninformed journalists reporting that “tax breaks” for landlords are to be reinstated. The ability to take a tax deduction for interest on money borrowed to buy an income earning asset, that every other industry enjoys, could hardly be described as a tax break. So what are the key changes? Interest deductibility the be phased back in for residential lending. Brightline to be returned to two years from 1 July 2024 Depreciation on commercial buildings to be removed from 1 April 2024. What’s not being done? The much-hated loss ring fencing rules that are a targeted measure at residential landlords remains, meaning that if your restored interest deductions tip you from profit to loss, these losses can only be offset against residential rental income, not your other personal income. The detail in the bill has provided answers to some of the nagging questions that remained when we were reliant solely on political promises to map our property strategies. Here are the key take aways. Interest deductibility. Residential interest deductibility will be as follows. 2024 year 50% (not the 60% promised in the coalition agreement). 2025 year 80% 2026 year 100% Importantly, the deductions will be available for all residential property, regardless of whether it was acquired before or after 27 March 2021. So, if you purchased a non-new build property after this date, you will gain 80% deductibility for the 2025 year. Accountants have been waiting for clarity on that point and thankfully, it is there. If you find yourself with a tax liability for a sale within a brightline period, you will also be allowed to claim the interest you have thus far been denied a deduction for against the brightline gain. Brightline The changes restore brightline to 2 years for brightline end date sales that occur after 1 July 2024 ie, for agreements entered into post 1 July 2024. The complex time and land area apportionment rules associated with the main home exemption will be simplified. The main home exemption will again apply as it did originally when the land has been used predominantly (more than 50%) for most of the time the person has owned the land. In a surprise and welcomed move, the current rollover relief provisions will be extended to include all transfers of land between associated persons provided the transferee was associated to the transferor for at least two years prior to the transfer. This change recognizes that transfers between associates, that include things like normal estate planning measures, are not the speculative land transactions the brightline rules were originally designed to capture. Hallelujah, some sensible flexibility that will reduce the incidence of unintended consequences from the brightline rules is to be introduced. Removal of depreciation on Commercial Buildings. One of the measures designed to fund tax cuts to middle income earners was the removal of the 2% depreciation deduction on commercial buildings. This is included in the bill and will apply to the 2025 income year. The ability to depreciate separately identified fit out and chattel item’s remains as these items are not buildings. On that point, remember the purchase price apportionment rules apply to commercial acquisitions, these rules bind both vendor and purchaser to the same split between land, buildings and fit out, so the fit-out value of an acquisition needs to be determined and negotiated with the vendor. You can no longer simply commission a fit-out valuation after settlement. So, there you have it, these are the tax measures designed to restore a functioning private landlord sector in New Zealand. Back in business. Written by Mark Withers - PKF Withers Tsang https://pkfwt.co.nz/meet-us/mark-withers/...
Market Update: February 2024
A busy start to the year! It has been a surprising start to the year for us, with massive numbers of appraisals and new listings, a slow but steady increase in buyer enquiry and a fair amount of time advising and reassuring vendors that things will get back on track. We have recorded 16 conditional sales in February but more than half of these rely on other sales chains to complete. 75% of these are under $1million. Looking back REINZ reported 12 unconditional sales for January compared with 14 in December. This is a result of the typical lower levels of buyer activity in December leading up to the Xmas period. The outlook for February at the time of writing this report looks similar to January. Record numbers of new listings and appraisals On the reverse side, the number of appraisals and new listings coming onto the market so far this year has broken all records. The paralysis caused by the uncertainty leading up to the election, the delays with forming a government and then Xmas has led to a herd of sellers coming to the market at once. Consequently, inventories have shot up with latest numbers approaching 400 listings on TradeMe up from 340 just a few months ago. This is good news for buyers and sellers. It provides more choice for buyers than they had previously except in the lower price brackets where inventory is still slim. In time, it stimulates more activity across the whole market. More inventory and fewer buyers are shifting the higher price brackets firmly into the buyer’s market category. Inventories in the over $1million bracket would take over 2 years to clear at current sales volumes and motivated vendors with deadlines are seeing the writing on the wall and reducing asking prices to meet the market. Price outlook Our feeder markets are showing signs of an upswing with Auckland prices on the rise although sales volumes are still relatively low and 70% of auctions are being passed in. Most economists are predicting that the higher interest rate levels will continue to hold the New Zealand property market at bay for at least the next 6 months of 2024. Our observations are that most of our buyers are planning to make a sideways move to Kerikeri from another area or wish to downsize. Only a few are looking to upsize. This is a sign of our economic times in New Zealand. At our current price level, even people from many Auckland suburbs find it hard to move here and release equity to live on as they have been able to in the past. Until the price differential widens again (either increases in our feeder markets or further decreases here) then some people may choose to move to more affordable parts of the country. With the majority of buyers looking to downsize, the higher demand is for lower priced properties resulting in lower inventories and leaving high inventories in the higher brackets where demand is lower. First time homebuyers remain mostly non-existent which ties to our higher than NZ average prices, lower than average wages and a challenging lending environment. Investors appear to be sitting on the fence although a few seasoned, cashed up investors are starting to play their cards as opportunities present themselves. As reported in December, much of our sales activity depends on stimulus from Auckland and other centres. Usually a major shift in these markets takes 3 to 6 months to impact on ours. We watch with interest as these markets change over coming months....
Caring for our community
We are passionate about our local community and support a number of select causes that deeply care about Kerikeri and its people.