Not to mention international flight arrivals reuniting families for the first time in several years, Auckland is bouncing back.
Despite despondent media reports of a depressed property market, our Central City Apartment numbers are showing positive signs.
Sales in total reported in November, although significantly down on November 2021, were a healthy 40% increase on October this year.
The numbers for sale also remain steady hovering around mid-600.
On another positive note, available properties to rent continue to tighten as numbers return to the central city, a positive sign for landlords and investors.
Director of City Realty Group Daniel Horrobin says “We are hugely encouraged by recent activity and can report our Auction numbers already booked for early next year are extremely healthy. We are looking forward to a busy start to 2023”.
There is no doubt 2023 will present challenges that have been extensively reported and don’t need to be repeated here.
However, as the nation takes a collective breath and gears up for the year ahead, our inner city property market will continue to present opportunities for those looking to realise capital currently invested and conversely for new investors or owner-occupiers to become proud new owners.
We look forward to being a part of your journey.
We’re Holding Our Collective Breath Director of City Realty Group, Daniel Horrobin says: “There are sufficient positive indicators now to instil confidence the market generally is gaining momentum, but still we hold our breath”. Our very own Loan Market partner Jamie Maclennan remarks “As last month’s cut in the official … Read more
City Realty Group is proud to announce the outstanding performance of Cameron Brain, our auction manager, at the recent Ray White Auctioneer Championships held at Ray White Head Office in Auckland. This event showcased the best real estate auctioneers in New Zealand, and Cameron’s success further solidifies his position as … Read more