Hey all, stumbled upon this forum and wanted to hear your opinions.
Our family lives in Pukekohe and own a small 2 bedroom house. We were looking at selling and buying a 3 bedroom (should fit our $400k in average area, still in Pukekohe), but have discovered we are to grow from 5 to 6.
From a housing point of view, our region has been earmarked for several thousand new homes as part of the governments rollout.
Interest rates sound like heavy increases over the medium term - making us wary to over commit if we went for something 4 bedroom.
We could probably get a 4 bedroom place in the rougher part of time, where it is filled with Housing NZ places- which aside from obvious concerns with living conditions make me wonder for future sale-ability or value gains. In short, if that area was to improve I'd assume decades, not years.
So, do you all see the house prices going up from here, or are we leveling off?
When would you expect to start seeing new homes from the governments plans?
If were to sell now and rent, would you assume that to be wasted money, or is the Southern Auckland landscape set to change?
Generally speaking are you better served squashing in to an average area, or hoping a bad area improves?
Realise no-one is clairvoyant nor a life counselor, just wanting opinion as I have not watched our market beyonf the most general ways over the last year or two.
Our family lives in Pukekohe and own a small 2 bedroom house. We were looking at selling and buying a 3 bedroom (should fit our $400k in average area, still in Pukekohe), but have discovered we are to grow from 5 to 6.
From a housing point of view, our region has been earmarked for several thousand new homes as part of the governments rollout.
Interest rates sound like heavy increases over the medium term - making us wary to over commit if we went for something 4 bedroom.
We could probably get a 4 bedroom place in the rougher part of time, where it is filled with Housing NZ places- which aside from obvious concerns with living conditions make me wonder for future sale-ability or value gains. In short, if that area was to improve I'd assume decades, not years.
So, do you all see the house prices going up from here, or are we leveling off?
When would you expect to start seeing new homes from the governments plans?
If were to sell now and rent, would you assume that to be wasted money, or is the Southern Auckland landscape set to change?
Generally speaking are you better served squashing in to an average area, or hoping a bad area improves?
Realise no-one is clairvoyant nor a life counselor, just wanting opinion as I have not watched our market beyonf the most general ways over the last year or two.
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