Auckland property price has stable

[chrisgoh]

July numbers indicate Auckland property price has stable.

Good sign

[Damap]

Only Barfoots numbers say that. QV is still increasing and volume is still sky high :-)

[BigDreamer]

July numbers indicate Auckland property price has stable.

Good sign

The good thing about this is that, hopefully, there won't be any further measures introduced by the reserve bank to cool down the market. I'm happy with just the 70% LVR for Auckland properties.

[chrisgoh]

Should give the new measures time to sink in and take effect.

Any additional measures will over do it.

[speights boy]

Should give the new measures time to sink in and take effect.
Any additional measures will over do it.

Only if NZ based speculators and investors are a large part of the Auckland market.
Are they ?

[Damap]

Exactly Speights, effect = 0 as there isn't a problem and too many people are equity rich now, or their parents are, for 10% extra deposit to really have any effect.

[speights boy]

Which would indicate to me there will be additional measures.

[chrisgoh]

Only if NZ based speculators and investors are a large part of the Auckland market.
Are they ?

You have any statistic?

[speights boy]

Do some searching on the RBNZ stats.

[chrisgoh]

Do some searching on the RBNZ stats.

For the benefits of all forumers here, kind to share the link here to support your notion?

[speights boy]

What notion would that be ?

[Damap]

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.

[chrisgoh]

what notion would that be ?

only if nz based speculators and investors are a large part of the auckland market.
are they ?

As above.

No worries, I see your statement is just an opinion. Similar to most of us. Not a fan of beating around the bush. Cheers

[chrisgoh]

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.

Haha, you are right Damap.

Knee jerk effect, trying to solve a non-existence problem. There are more important issues out there to resolve.

[Tomo]

RE agents I deal with in the central city (ponsonby,grey lynn,) are saying sales activity has been low in the central suburbs but good prices still been achieved. my take on this is people are not selling as they see continued price increases which in turn adds to the shortage of listings and prices are still rising, therefore sales are occurring where there is housing stock been created (Hobsonville for example, 2 sales per day in the 500-800K range) so there are more sales occurring in these lower price brackets, hence barfoots lower median sales data. From what I have seen there is no slow down occurring, not out west anyway.