More Buyers than Property creates a Resurgence in Property Values
Is it nationwide or is it simply a case of big spending Aucklanders throwing their money around?
A headline [More Buyers than Property] came to my attention on the weekend but really did not go on to explain how this came about.
I was pleased however to read that the writer was not generalising and went on to point out it is happing only in areas ‘in demand’. However, as those areas increase in value, some of which already have, the areas less favoured will experience similar moves as investors look elsewhere for better returns.
Christchurch for example, and don’t get me wrong it isn’t a less favoured area by any means, in fact I am assuming they are experiencing the same uplift in sale volumes and property values as the better parts of Auckland.
Just last week, I contacted a number of real estate companies in Christchurch to advise I have several cashed up investors interested in the area and to date, still not one reply........
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