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.
Steady As She Goes Is Order Of The Day July 1, 2024 – a big day for the housing market. The bright-line test has been scaled back from 10 years to two years, the loan-to-value ratio (LVR) rules have been loosened, and the debt-to-income ratio (DTI) caps came into force. … Read more
Chaos Reigns – Or Does It ? OCR steady, First Home Buyers Grant gone, brightline test back to square one, investor interest deductibility reinstated, debt to income ratios start 1 July, LVR’s, job losses, the Budget, the cost of living, not to mention protest marches ………………………….. From The New Zealand … Read more