Clendon / Homai - an Auckland Question

[Bluekiwi]

With CYF's and the Womans prison, and the youth penal system, in this area !!!!!!!!!

Does this neccesarily mean bad news for the area's popularity ?

I guess its a bit of a downer on prices and rental demand in general.

But the new motorway will mean greater access to other parts of Auckland?

[Green Fish]

Paremoremo is an expensive area, despite the prison, so I don't think buyers are put off. The problem with Clendon is that many of the inmates probably come from the general vicinity, which is considerably more off-putting.

Have you had a look at Glen Innes? It's far more expensive, but there are signs that the market there is beginning to crack.

[Bluekiwi]

Paremoremo is an expensive area, despite the prison, so I don't think buyers are put off. The problem with Clendon is that many of the inmates probably come from the general vicinity, which is considerably more off-putting.

Hehe... very good.

[k1w1]

Is this going to be the Murupara thread all over again *snigger*

[Bluekiwi]

Is this going to be the Murupara thread all over again *snigger*

I thought I better hold my tongue this time

[Green Fish]

No need for tongue-biting: If you want top dollar from a tenant, you have to provide a top environment - and that extends far beyond the boundaries of the site. For example, a 3-bdr house in Clendon, if transplanted into the Grammar Zone, would rent for nearly three times as much.

[k1w1]

yeah and cost 3x as much too, returning the same yield %.

[k1w1]

that should read "the same crappy yield %"

[kalovatt]

For example, a 3-bdr house in Clendon, if transplanted into the Grammar Zone, would rent for nearly three times as much.

And cost 7 or 8 times as much to do, making the yield about a third

[k1w1]

or that, kalovatt. ahhh - cynics cut from the same cloth, you & I.

[Green Fish]

Eureka! The penny has finally dropped. The Auckland market is overcooked to the point of being charcoal.

So just wait - and you'll see.

[kalovatt]

Indeed indeed !!!! Although I tend to see it as "Realism", or "The Cold Hard Facts" !!!!

[Bluekiwi]

Homai / Clendon

Is there a cheaper area in Auckland ?

Without resorting to gangland territories.

[Green Fish]

Clendon isn't in Auckland.

And neither is Torbay (which is not to say that I don't enjoy my occasional strolls through the area, Blue Kiwi.)

[SwissKiwi]

I would think Clendon would be pretty much bottom of the barrel price and quality wise. Perhaps Manurewa next door is even worse - highest crime stats in NZ I read somewhere.

Be careful of buying yourself a lot of trouble!

Mangere has a similarly bad name - but its closer to the city, and good for the airport - although I doubt many people who live there would be regulars at checkin.

Some would say if you can only afford these areas in Auckland - you could be better off searching out some cut price city apartment bargains.

Just a few ideas for you.