Market decline unlikely

Figures released yesterday by Statistics New Zealand shows there was record migration in 2016 – with our population increasing by a massive 70,600. Juxtapose this information with talk of our property market going into decline, and the two do not marry up. As I’ve said before, the key forces that have fuelled the market so far – high levels of immigration and low interest rates – remain unchanged. Immigration is particularly key when you look at the Auckland market. Approximately 60% of migrants stay in Auckland when they arrive in New Zealand. That’s about 42,000 people requiring houses. What that translates to is a need for 14,000 houses a year for an average household occupancy of three.

How to choose your method of sale

Choosing how to sell your property can feel like a big decision. Here’s an overview of the methods available and the reasons they may work best for you. Auction We’ve all read the media commentary about rising house prices, and although there are many theories as to why this is, what it fundamentally comes down to are two factors – low supply and high demand. Currently, New Zealand is undoubtedly a high demand, low supply market, with fierce competition for properties – particularly in Auckland and Christchurch. Auction is the best way of achieving a premium price in a competitive market. Auction involves a short, sharp and intensive marketing campaign of a property without a price. This is

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Benita Dwyer

M.    0272 399 155

P.      09 838 4848

E.      benita.dwyer@harcourts.co.nz

Harcourts Henderson Heights

5/138 Sturges Road

Henderson Heights

Blue Fern Realty Ltd. Licensed Agents REAA 2008

Licensed Salesperson REAA 2008