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Lower end investor slum areas in Auckland are pretty dead. Get into the low 1's it's business as normal in the areas I look. Great time to buy in Papakura currently.
Comment on B&T transactions made by an interest.co.nz reader
Here's a view of average 3 bedroom homes prices compared to July last year from B&Ts own published data Average Price 2017 2016 % Chg
Central Suburbs 1,164,719 1,106,388 +5%
Eastern Suburbs 1,095,600 1,207,381 -9%
Franklin/Manukau Rural 650,909 662,276 -2%
North Shore 954,739 1,070,038 -11%
Pakuranga/Howick 953,611 1,045,286 -9%
Rodney 799,958 819,914 -2%
South Auckland 632,098 799,057 -21%
West Auckland 739,405 765,305 -3%
Comment on B&T transactions made by an interest.co.nz reader
Here's a view of average 3 bedroom homes prices compared to July last year from B&Ts own published data Average Price 2017 2016 % Chg
Central Suburbs 1,164,719 1,106,388 +5%
Eastern Suburbs 1,095,600 1,207,381 -9%
Franklin/Manukau Rural 650,909 662,276 -2%
North Shore 954,739 1,070,038 -11%
Pakuranga/Howick 953,611 1,045,286 -9%
Rodney 799,958 819,914 -2%
South Auckland 632,098 799,057 -21%
West Auckland 739,405 765,305 -3%
Actual profiles of the properties going into that raw data would be actually useful. I suspect prices have come off a bit however also there are some 1-2 bedroom apartments settling in areas.
No surprise with South Auckland. It always busts big time when it gets to the end of a cycle as it's so heavily laden with investors who can't afford anywhere better, so they pay too much.
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