This client wanted a property that had good strong capital growth potential over the short term and beyond. We agreed on particular suburbs that have shown through our research to be drivers of long-term sustainable price growth, and searching was focused in these areas. We are currently working in a rapidly moving market. It took…
Read More
There are still areas that have a solid capital growth record in West Auckland, and this was what our client was looking for when we found this property. Ready to rent straight away this property was a full site, in a sought after area. There are still little gems like this if you know…
Read More
The market is particularly “hot” in many areas and for some types of property – e.g. 1960’s weatherboard properties on full sites around the $500k mark. Hot can be defined as multiple offers, 6–11, being presented with the accepted offer often being unconditional and at a price that would set a new precedent for the…
Read More
Auckland’s residential property market is continuing to show confidence and heightened activity, with annual house price inflation at its highest since late 2007. Pent up demand combined with low interest rates, has resulted in many buyers facing a long search to secure a suitable property. Housing activity indicators have maintained an upward trend since early…
Read More
We were recently engaged by a Kiwi couple living in London who wanted to secure a property in Northcote, Auckland. They had identified two properties. We attended the first auction on their behalf. While we were bidding in the middle of the day they were sipping hot chocolate before bed. We were the underbidder on…
Read More
Auckland’s residential property market remains very buoyant, with annual house price inflation at its highest since late 2007. Pent up demand combined with low interest rates, has resulted in many buyers facing a long search to secure a suitable property. Housing activity indicators have maintained an upward trend since early 2012. February 2013 sales volumes…
Read More
In March the Auckland City Council released its draft Unitary plan as debate raged in the media over how to solve Auckland’s housing supply crisis. Auckland needs 400,000 new homes over the next 30 years and under the current district plan it is forecast we will only be able to create 300,000. Will the proposed…
Read More
Client Brief: Wanted to start portfolio and had good purchasing power. Took our recommendation as to where and what to buy. Purchase date: Dec 2009RV: $565k Purchase Price: $545k – inclusive of our fee Equity on purchase: $20k Land: 1,153m2 – coastal Dwelling: 3 bed, 90 s/m do up, plus large garaging/ office Rent: $360 p/w…
Read More
Mike and Carolyn were looking to secure a property to launch their day care business. A site was identified and we worked through the process to negotiate the price and terms they required. They didn’t want to settle too early, but they needed access to renovate the dwelling ready for opening day. We agreed a…
Read More
3rd Quarter Directors Commentary – Auckland market still ‘hot’
Auckland’s residential property market continues to be buoyant and remains the strongest housing market in the country. Demand is strong from both home buyers and investors, however this is met by a shortage of listings, resulting in a lot of demand being left unmet. Key housing indicators continue to improve. August 2013 sales volumes have…
Read More