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Good time is here again

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  • Good time is here again

    Want proof? Just look at the following listing.

    Location: City Centre
    Property use: Retail
    Floor area: 210m2
    Price: Enquiries over $6,000,000
    Source: http://www.trademe.co.nz/Browse/List...x?id=300173684

    This is a retail/office unit in Princes Wharf. Judging from its size and photos, it looks very much like the one I inspected a year ago when it was asking only 780K. It was not sold and has been vacant since then. Now the price has risen by about 10 times. The market must be hot, or is it?

  • #2
    One too many zeros I think, fudosan.
    "There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx

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    • #3
      Fudosan, you should email the agent saying you think $6 mil is a bit high, would the owner take $4 mil?
      Squadly dinky do!

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      • #4
        I may take it if David Henderson's rooftop apartment (worth 10m?) is included.

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