THE NEW HOUSING CYCLE
While the economists will gnash their teeth we are convinced that a new housing cycle has begun.
And you all know how economists get it wrong.
Colleague Agents in the suburbs are scrambling to find houses to sell and in the lower price echelons new listings are walking out the door often with multiple offers AND back-up Agreements on them.
What is this going to do to the market overall?
Firstly the outrageously overpriced Auckland housing market that some economists predict will fall "another" 20% is simply going to firm up. And despite the best efforts of the New Zealand Herald to collapse this market it has hardly faltered.
It is a good time to buy a house and it is also a good time to buy another apartment.
An upwardly mobile housing market has a positive effect on our Apartment Market.
And a kind word for John Key and our new Government.
While we really were scared the sky might fall in last year (we didn't tell you because you were panicking quite competently by yourselves) Key and his mates are unraveling at pace the appalling incompetence and corrupt ethos infiltrated by Helen Clark throughout New Zealand society over the past 9 years.
There is a growing positivity and pride to New Zealand that I have never seen before - a sense of hope for the future that is real and becoming quite excited.
Just don't listen to the economists.
And the winter has been absolutely lovely.
Cheers for July
Martin Dunn AREINZ
MANAGING DIRECTOR
