Hi People
Dont get on here much but am out there at the coal face daily searching for property, attending auctions, purchasing when a good deal is found etc.
Am in the Tauranga, Mt, Papamoa, TePuke areas. Full time investor.
The market here (my opinion) is slowing for sure with many properties on the market for 2months or longer. Still plenty of unrealistic vendors(surely not being mislead by agents...!) yet some are now seeing the reality. Tauranga ticking over slightly better than Papamoa which is not far off dead. Agents are saying its the winter.
Properties 500k and above are hardly moving and i have seen some large price drops in the 600 - 800k range and being passed in at auction 100 - 200k below reserve.
Are there others out there that can describe their area's. Be it somewhere in NZ or International.
Kind regards to you all
Hec
Dont get on here much but am out there at the coal face daily searching for property, attending auctions, purchasing when a good deal is found etc.
Am in the Tauranga, Mt, Papamoa, TePuke areas. Full time investor.
The market here (my opinion) is slowing for sure with many properties on the market for 2months or longer. Still plenty of unrealistic vendors(surely not being mislead by agents...!) yet some are now seeing the reality. Tauranga ticking over slightly better than Papamoa which is not far off dead. Agents are saying its the winter.
Properties 500k and above are hardly moving and i have seen some large price drops in the 600 - 800k range and being passed in at auction 100 - 200k below reserve.
Are there others out there that can describe their area's. Be it somewhere in NZ or International.
Kind regards to you all
Hec
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