Property market health check
Friday 8th May
Hi
Next week is going to give us a good feel for what is happening with property prices across the country. On Monday we will have the latest QV statistics and, assuming history repeats, the Real Estate Institute figures will be out later in the week.
The feeling is that the market is starting to flatten out. This week's Auckland house price data from Barfoot and Thompson showed the number of sales are increasing but prices aren't. One possible theory is that the Mexican standoff between sellers and buyers is easing and vendors are now accepting prices around 9-10% less than they would have a year ago.
Clearly property investors and first home buyers are more active in the market and it wouldn't be a surprise to see a shortage of stock in the lower price ranges.
Finish reading what The Landlord says here, and don't forget to post your comments and feedback.
Have a great weekend.
Warm regards
The Landlord
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L A T E S T H O T L I S T I N G
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| Development Opportunity and Over 20% Equity |
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Rotorua $242,500
Very tidy two bedroom house - can easily be converted to three beddie. Room to add 2 or more extra dwellings - high density land - no subdivision required. Currently rented to great tenants. [More] |
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Latest News
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Where to Live in Auckland - everything you need to know about today's property market in Auckland.
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Diary Events
An all-star line up for the Property Investor Associations this week, with Lisa Dudson from Acumen Inc speaking to Auckland PIA, How 2's Kerry Christiansen drops in to Wellington for Capital PIA meeting, and Matthew Gilligan from GRA shares his knowledge with Waikato PIA next week.
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