PORTENTS ARE LOOKING GOOD
The residential Auckland market is defying doomsayers again and presenting as steady and still growing in value although not “heated” (at all).
The Apartment market reflects a similar robustness.
Look at the factors that influence the City Sales market – the new tenant market that has opened up to us this year, the suburbanites giving The City a go in frustration at jammed roading and telescopic petrol prices, is here to stay and vacancy rates are so low my Rental Agents are looking decidedly nervous.
The supply of new apartments is tapering off and we predict very few new complexes for up to five years.
Only low life and degenerates are unemployed and wages are rising as companies compete to retain staff in the tight employment market.
The banks and financiers are awash with cash, 100% residential mortgages being offered on the housing market.
Interest rates are likely to drop in concert with the competition to lend.
The government is finally making amends to loosen up immigration policy – and we all know where new immigrants prefer to go – Auckland and preferably Auckland's CBD Apartment Market.
But property is not the flavour of the month having been given a severe beating since September last by every politician and economist who could bribe some air time.
And they're ALWAYS wrong.
If you're getting the point click the little email thingy and apply for another investment suite.
I can feel this market coming on.
(Oh, and it's nearly Spring and the girls are wearing T shirts again).
Thanks for looking at our website.
MARTIN
