The Real Story

What’s the market like?

This is the question of the moment. We, like you, read all the statistics and hear the commentaries and read the papers. Most of it is still quite negative.

In reality, for the areas we serve, we are experiencing high demand, particularly in the $500,000 to $1,500,000 range. Buyers are responding quickly, in many cases there is intense competition.

Is this a good time to sell?

Yes – it is all about supply and demand, not the seasonal time of the year. You’re better off to have buyers out rather than flowers out.

Is the market likely to fall further?

We would be surprised to see much more downside. Again because of supply and demand, a relatively low interest rate environment (even in the medium term) and positive net migration.

In short, property is affordable and Auckland is a great place to live. A fact that is becoming increasingly agreed upon by the world at large.