Opinion

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The Reserve Bank of New Zealand’s decision to hold the Official Cash Rate at 2.25% reflects an economy that remains soft, but increasingly stable, with the property market showing early signs of renewed momentum.

Let’s be honest: usually, the focus is entirely on bricks and mortar. But this Valentine’s Day, Harcourts is admitting to having a soft spot for the slushy stuff, too.

Despite a fluctuating market this year, the agency has experienced a 28% year-on-year rise in sales of properties of $5 million-plus. The luxury properties sold by NZSIR between January-November range from $5 million up to $30 million. The company sold five of NZ’s top residential sales this year, all located in the premium hotspots of Auckland, Tasman and Queenstown.

Valentine’s Day is usually about flowers, dinners and grand gestures, but it can also be a timely reminder to give your investment property a little attention before the financial year slips away.