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Thursday 9th April
Hi
The latest raft of QV data is out, but one has to question just how much you read into them.
They are prepared on a three-month rolling average an show that prices have dropped yet again, but other information emerging from the market recently, such as the survey of property investors, show activity is definitely picking up.
Sentiment has been improving slowly but steadily recently, with most interest been shown by investors and first home buyers.
The Barfoot & Thompson numbers last week also highlighted this, with properties coming onto the market not meeting demand from buyers. B&T reported a huge surge in confidence, with Auckland sales reaching a 20-month high.
Veda Advantage also reported this week on the rise of mortgages applications increasing 38% in March, compared to the same month last year.
There's definitely action out there and deals to be had, just make sure you stick to your proven strategies and (at the risk of sounding like your mother) do your homework.
Happy Easter and have a great weekend.
Warm regards
The Landlord
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