There is good opportunity to buy styles of homes they don't like, agents keen to take offers on those as they can;t talk up the Chinese component, at least in East Auckland anyway.
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Local Chinese Investors Targeting South Auckland, is this 12 o'clock?!
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Originally posted by Frezzinghot View PostSouth Auckland has been crazy for a long time! Only the real slums are relatively priced now! Definitely 12 o'clock now, have a look what is happening in China now, they could crash anytime soon!
beware.
FH
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Originally posted by Gary Lin View PostJust to show the local chinese investors are no different than other local investors.
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Originally posted by AMR View PostThe Barfoot auctions in Manukau have always been filled with Asian-looking investors.
South has gone completely crazy alright, as an example there is one property in an average street in Manurewa West which was sold three times since January, with sale prices from $420k to $600k and it's on the market again. This is a 3 bedroom on 800 sqm generating around $470 per week rent, and due to stormwater capacity issues is very difficult to subdivide. At these prices central is definitely looking the more attractive option although with sleepout, H&I / MHU builds and development strategies South is still reasonable cashflow.www.PropertyMinder.co.nz
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I think it 12 o'clock. The distance to 1:30 -2 can take 2-3 years so at list another 2 years of growth.
Then something will happen to slow the Bull that's for sure.New Zealand's #1 Marketplace for Property Investors & Sellers!
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