The housing market is quite complex, which makes it reasonably difficult to predict which way it will move with any degree of accuracy. The two main determinants are supply and demand, but other aspects come into the equation as well.
Indicators are starting to show a turning point for property prices in general. On the demand side; (more...)
An article appeared recently in the New Zealand Herald talking about dropping rents in the Auckland area. The article referred quite specifically to the Central Auckland rental market, which is primarily dominated by apartments.
This specific market is being heavily affected by the fall off in overseas students coming to New Zealand, but it is by no means likely to be the only area to be affected. Information on falling numbers in New Zealand's other main centres is also being reported. Many learning institutions around the country are reporting drops in the intake of students for the New Year, and there were reports of six language schools going out of business over the Christmas period. (more...)
andrew king auckland Barfoot & Thompson Bayleys Bernard Hickey Helen Gatonyi Maryan Street planning property trademe