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Three Kings bungalow (section not subdividable) today sold for 1.78m @ barfoot auction - what slowdown? Imo lower interest rates will support the auckland market.
After 1st October will sellers of residential investment property within two years who make a loss be able to automatically claim the loss as a tax write off? Can anyone confirm?
Agree. There is no slow down in the market, especially in Central Auckland. House price are going high now. 2 bedrooms unit in Three Kings are selling above $750k+ . This is similar price to of Epsom/Mt Eden double grammar zone 2 bedrooms unit last year. This year's minimal price for Epsom/Mt Eden double grammar zone 2 bedrooms unit are going at $850K to $900k+
What has happened to prices in West Auckland? I bought a 3 bed house in Massey for $475000 at the end of September last year. I've moved overseas so haven't really kept an eye on prices particularly closely, but similar size houses in the same street now seem to be selling for $650000+.
I don't see any more measures I think they will realise it is impossible and the dairy industry collapse is becoming too much of an issue now, their focus will shift I reckon to that.
Garnish Banana said the same thing.
Bigger fish to fry right now for PM and RB Governer, and their concerted (and co-ordinated) attack will take a back seat.
The tripple hit on speculators / investors / chinese (bright line / 70% / IRD and bank ac details) on 1/10 is more than enough for the market to digest.
To see in this forum as price barometer people take the CV.
Why would councils stop pushing up the CV, higher rates have to be paid regardless who the buyer is, right?
I would not go along with that because “market price” is a direct response to an economic situation.
If you want to have a “regulated market” you would need to regulate costs/prices as well - that the communists already tried to do. Unfortunately, that wasn’t successful either!
Gary, you would be the first person, I know, paying rates on a 600K CV property and sell it for 500k.
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