• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Results 1 to 1 of 1
  1. #1
    Join Date
    Jul 2003
    Location
    Kapiti in New Zealand
    Posts
    4,031

    Default 'The nutter in the room' is the one buying Auckland houses, says mortgage broker...

    The red hot Auckland housing market may be peaking with sellers' expectations getting really high and potential buyers waking up to these, says a central city mortgage broker.

    John Bolton, principal of Squirrel Mortgage Brokers, who also has interests in property investment and development, told interest.co.nz in a Double Shot interview the Auckland residential property market was currently "pretty crazy." He also noted the traditional New Zealand residential property investor who is "all about capital growth and not too focused on cashflow" is back in the market.

    "There's certainly a lot of buying activity out there," Bolton said. "My sense though is it might be just starting to peak now."

    "I think vendors have got really high expectations now in terms of the sort of prices that they can get. There have been some stellar sales around Auckland and I guess everyone's looking at those and is thinking that's the new price. Whereas buyers, I think, are starting to look at some of these prices and take a little bit of a step back."
    Read more: http://www.interest.co.nz/property/6...-going-auction
    Free business resources - www.BusinessBlogsHub.com


 

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Good mortgage broker auckland ?
    By dan1 in forum Property Investment (NZ)
    Replies: 4
    Last Post: 05-12-2014, 09:18 AM
  2. Auckland Mortgage Broker
    By Auckland Newby in forum Property Investment (NZ)
    Replies: 6
    Last Post: 01-09-2014, 04:38 PM
  3. Room by room (boarding houses) property managers
    By TomW in forum Property Investment (NZ)
    Replies: 2
    Last Post: 22-05-2014, 11:40 PM
  4. Who is buying Auckland Houses
    By ivanw in forum Property Investment (NZ)
    Replies: 133
    Last Post: 20-06-2013, 07:53 PM
  5. Boarding Houses and Rent by the Room
    By Bluekiwi in forum Property Investment (NZ)
    Replies: 22
    Last Post: 29-11-2011, 03:01 PM
  6. Recommended Mortgage broker-Auckland
    By Karlos5 in forum Property Investment (NZ)
    Replies: 6
    Last Post: 04-11-2010, 11:32 PM
  7. Room X Room Property Managers Auckland ?
    By Bluekiwi in forum Property Investment (NZ)
    Replies: 16
    Last Post: 07-11-2008, 02:20 PM
  8. Boarding Houses / Room by Room
    By Bluekiwi in forum Property Investment (NZ)
    Replies: 57
    Last Post: 20-06-2008, 04:55 PM
  9. Recommend - Mortgage Broker Auckland
    By regan in forum Finance, legal and tax (NZ)
    Replies: 3
    Last Post: 08-07-2004, 09:44 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •