Auckland’s Property Values – The Statistics

aucklandWhat’s all the fuss about some may ask – so the property values have risen a lot over the past three years what’s the harm in that?

Auckland needs 30,000 homes to meet current demand – with this shortage comes increasing competition for any property on the market for sale. Buyers borrow as much as they can as they prepare to pay more to secure the home or rental property they need.

In reality the home building has been left too late in Auckland. It will be some time before the current housing requirements are met with more homes – and all the while demand keeps increasing as thousands of Kiwis return home from overseas and NZ residents up sticks and move to Auckland for work.

All the while the rest of the country wonders when is the economic and property boom coming to us?

Financial commentators are keen to let us know just how unfair or lopsided the property market is – and how all home buyers are having to suffer the same even though their region’s property market is starkly different from the Auckland market.

The opportunity to buy property is there for anyone really wanting to make it happen. Residing in Auckland doesn’t mean you have to own property in the region you could invest in property elsewhere. Many property investors may be forgiven for being a bit envious of Auckland home owners and what the massive increase in equity can provide.

Bernard Hickey in this article suggests property values in Auckland have gone up 40 percent in three years – wow!

Learn more about property investment from PropertyTutors – New Zealand’s leading mentoring business – download these eBooks:

Profitable Property Deals Revealed

Lessons Learned by the Property Masters

29 Know How Property Investing Tips

This entry was posted in Property Investment Auckland and tagged , , , , by PropertyTutors. Bookmark the permalink.

About PropertyTutors

“PropertyTutors Limited believes the information in this publication is correct, and it has reasonable grounds for any opinion or recommendation found within this publication on the date of this publication. However, no liability is accepted for any loss or damage incurred by any person as a result of any error in any information, opinion or recommendation in this publication. Nothing in this publication is, or should be taken as, an offer, invitation or recommendation to buy, sell or retain any investment in or make any deposit with any person. The information contained in this publication is general in nature. It may not be relevant to individual circumstances. Before making any investment, insurance or other financial decisions, you should consult a professional financial adviser. This publication is for the use of persons in New Zealand only. Copyright in this publication is owned by PropertyTutors Limited. You must not reproduce or distribute content from this publication or any part of it without prior permission.”