Housing boom not over yet: Trass
The housing market still has some way to go before the current boom is over, according to Kieran Trass at Hybrid Consulting.
Monday, April 5th 2004, 2:09AM
by The Landlord
Quotable Value’s latest figures showed its house price index jumped 21.9% in 2003, although it slowed to a 4.9% increase in the December quarter compared with the September quarter’s 7.3% increase.
As well, listings are increasing and sales volumes remain strong. "A lot of investors are still keen to buy, although it’s getting very difficult to buy cash-flow positive properties," he says. "At the end of a boom, there are always a lot of naïve investors who are prepared to forego cash flow for their expected capital gain."
Read More - Opens in a new window
| « Property investors refocus on cash flow | Free Investment Property Showcase Events: Auckland, Wellington and Christchurch » |
Special Offers
Commenting is closed
|
|
Printable version |
|
Email to a friend |
