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.
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Good News Is Gaining Credibility “There is a growing confidence that the property market (and the wider economy) is beginning to improve,” says Daniel Horrobin, Director of City Realty Group. “We’re seeing encouraging signals from multiple independent sources.” Market Confidence Building The latest REINZ October Report reinforces this sentiment: Market … Read more