You could almost see the icicles forming at the latest auctions as a cold, wintry blast cast a chill on proceedings.
Interest.co.nz monitored the auction of 212 residential properties around the country over the week of 13-19 July, down from 304 the previous week and 348 the week before that.
That puts auction activity at its lowest level in 11 months, apart from during the Christmas/New Year break.
Of the 212 properties on offer, 66 sold under the hammer, which was the lowest number of sales outside of the Christmas/New Year period in the last 12 months.
However while the number of properties on offer and those selling under the hammer were both at low levels, there was no change in the sales rate (the percentage of properties selling under the hammer), which was unchanged from the previous week at 31%.
In fact the sales rate has been remarkably stable, and has stayed within the narrow range of 29% to 33% for the last three months.
Details of the individual properties offered at all the auctions monitored by interest.co.nz, including the selling prices of those that sold, are available on our Residential Auction Results page.
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122 Comments
Auckland region 18% sold above RV. Carnage.
It might be worth actually looking at those that sold above RV for some perspective. It is an extremely crude measure, so houses like this will quite obviously sell well above their RV: https://rwgreylynn.co.nz/properties/sold-residential/auckland-city/grey….
How many sold below RV? And by how much?
EDIT:
Just to hammer the point home, 6 Grey Street RV $2.3million, sold a little over 10% above it's RV. https://homes.co.nz/address/auckland/onehunga/6-grey-street/2N24e.
4 Grey Street's RV is $2.4million. It doesn't even come close to 6 Grey Street in terms of quality. Do you think it will sell for more than 6 Grey Street?
Yep. Townhouse and cookie cutter shit everywhere. No surprise they sell for peanuts
Will be in the single digits in the next couple of months
Funny, not much talk these days about pent up buyer demand just waiting to pounce. Many hope-fools made that call in early 2023 and that was a complete dud. The effects of job insecurity were greatly underestimated right from the start. Open homes dead, sales volumes anemic, inventory piling on and it's not even spring. It's hard to form a picture of a floor - at least one that's sustainable.
I think that despite imminent interest rate relief, the depths of this recession is around Christmas and barring some random global shock, will probably last around six months from there.
Great insight and hindsight! I'm wondering what steps to take and whether I should buy a home or stay renting. I have cash in NZ shares bonds and TDs, though would welcome using the home as security for a mortgage, that way I can maximise any asset gains as interest rates undoubtedly drop. Switching from TDs seems the obvious choice
No.
Why would anyone buy into housing, while it's still mid crash ?
Renting is still just 1/2 the price of a mortgage, so wring out that advantage, as the landlords sweat the losses and while house prices are still crumbling away.
Only buy, once the 2015 pricing become the norm again.
I don't see any respite from the Crashing house market until retail mortgage rates get near 4%. This maybe years away.
REAL VALUE will be obvious when the rental yields are in the 7 to 10% range again. It's any easy calculation to workout, and utter poison for house hoarding speculators.
Buying your own home, with a lesser potential rental yeild, leaves you fully open to negative equity, that is now both financially mentally taxing tens of thousands of buyers from over the last 5 + years.
These yields are just the break even costs of owing a home, and there is no profits in it and capital losses are more likely than gains from here on.
Don't be the debt junkie, last bag holder, sweaty brow soak sponger, - Usefull Idiot.
Don't forget the massive rates rises currently going on around the country....we are in no hurry to own anytime soon.
Indeed. Alongside the shortened Brightline, rates and insurance cost's are certainly valid reasons for increased offloading. With rental yields still pitifully low this also presents a case for this asset class to remain out of favor. In the current climate of high TD rates, I think rental yields should be around 8-9% on average to reflect the risks and expense involved with such ventures.
Buy now!
In 20/2021, that same signage "buy now" appeared everywhere.
The cautionary words "pay later" not so.
Today, it's much a story of lowball offers and it's a true buyers market. There is no hurry whatsoever as many bag holders are paying dearly.
I can only speak for myself but the rate rise is more than covered by the O.25% interest rate cut this week. I am not expecting a house price shock from the rate reviews. Maybe rents though.
keep 2 year term dep then consider buying , we are still in denial
That said some high end mortgagee auctions go cheap early on, but you need $$$
Russell 2000 was on a tear up 8 percent over 10 days, does that equal broadening support and foresight of an improving US economy. NZ sharemarket also had a lazarus week for possibly the same reason as interest rates are set to FALL baby.
Keeping long dated TDs seems like a bad and restrictive position
maybe a rotation out of big names...
If you have a secure job, and you are buying a family home, it is normally wise to buy. The market at present is flat. This gives you choice, and the ability to buy a problem free property without having to outbid speculators.
Assuming interest rates average out at say 6-7% over the life of the mortgage. You fix 80% of the cost of your largest expense, ie shelter. This is your mortgage payment, interest rates will go up and down, but will not climb higher each year with inflation. Assuming interest cost is 80% of home ownership expense, and rates/ insurance/ maintenance are 20%.
This is why it pays to own your own home, as inflation becomes your friend and not your enemy. If you rent 100% of the cost of your shelter is exposed to inflation, versus approximately 20% with home ownership. Hope this helps.
Retired Poppy, it looks like Flying High might be one of those people who make up part of the "pent-up demand". Probably many others like him who have money saved up and might decide to put it into real estate when the right time comes.
Inventory is falling and has been since May. I'm not disagreeing with you as to state of the market, its just that inventory has not been increasing for quite a number of weeks now.
Tauranga looks good 100% above RV but is it ?...rate values have declined 8% since 2021... Are there other locales where the RV has also declined? Everyone waits for some sort of monstrous pivot that just isnt there looking forward . Fuel prices will need to drop significantly .Shipping costs?...not even gonna bother looking considering the Houthis are still active. All I see is a period of stagnation...Unemployment still too low ... YOY growth demands will put more pressure on .... not a good year and its still got some bite left in it... that said dont let me stop you jumping in and filling your boots those currently treading deep water will thank you for it....lol my 10 cents
It took about 18 months from the first cut of OCR in the GFC until the house market started firing. OCR rate fell from 8.25% June 2008 to 2.25% Apr 2009. By Oct 2009 the house market had bottomed out. So it took 18-20 months from the first cut to show any signs of life.
The five stages – denial, anger, bargaining, depression and acceptance.
Given this article we are still in denial
https://www.oneroof.co.nz/news/were-sick-of-this-market-sellers-are-giv…
By Xmas people will be angry with Labour's economic mismanagement and Nationals solutions.... Anger by Xmas. Bargaining and Depression will be 2025 story, and by the end of 2026 we will all have accepted our folly and madness.
Do National have any ‘solutions’? I guess they would promote their planning reform. But if ( a big if) that is going to bear any fruit in terms of economic stimulation, that’s a story for 2026
IMHO the obvious reform is capital gains tax on all but the primary family home, reducing income tax, making super contributions more tax effective, perhaps making health insurance tax deductable...
nothing unknown but neither they nor labour seem to be able to get this done.
Making kiwi saver Compulsary.... at 8% for 18 years olds
I would take GST off food and rates ( or perhaps return the GST on rates to councils to help limit rises but capture it in infrastructure fund.)
I would try and take the tax off petrol and diesel, for many thats $50 a week
But I would have road user charges on all vehicles.
I would setup a NZ Fannie mae freddy mac as secondary mortgage purchaser... offer 25 year mortgages... this would put $$ back into peoples pockets better then tax reductions, you would be taking the banks profits from them, and effectively returning them to the mortgage takers, again prob not a national policy, banks could then return to non retail banking.
"IMHO the obvious reform is capital gains tax on all but the primary family home"
And watch a ton of wealth leave NZ. Good one
where to everyone else has capital gains tax?
UK, Aussie, USA? where you going to live?
Oh no, whatever will we do without capital bidding up the price of our houses?
If that wealth is paper profits in housing that's fine. Super happy for the tax avoiding, rentiers, landlord leeches, public good freeloaders to get the f*** out of NZ.
No country ever got rich by bowing to the richest in society.
If the wealthy are that shallow, byebye. If your whole drive in life is to minimize any tax you have to pay, you missed the point of breathing.
I'm not sure why you would voluntarily give your money to the government.
Wouldn't you sooner give it to your children?
No. I want my children to live in a meritocracy.
I don't want them to bypass better qualified people because I happened to be wealthy. They should make their own way in life off their own efforts.
A democratically elected government, where adequate tax is collected to pay for basic services that flatten the competitive field is the best option to achieve this. Appropriate taxation has been the basis of every successful society ever in the history of mankind. It pays for our public services, allows people to be organised in a way that pools their efforts to achieve things greater than they could on their own. It is the foundation of civilised society.
I paid 66c in the dollar when Muldoon was PM, and it made me the opposite.
When I saw how Comrade Ardern's govt squandered billions on worthless, useless projects, it makes me feel better that I've managed to avoid some of my money going down that big hole.
If Capital Gains tax was brought in, then nothing surer than increase in both rents snd house prices.
Taxing anything just increases prices!
Clearly speculators are in denial that the market has moved. All fluffy unicorns and bolly darling when it moves in their favour, and angry denial when reality returns.
So who has the problem....the holder of debt does.
It’s amusing looking at the Facebook group.
You get comments plastered everywhere from bewildered vendors / investors who’ve languished on the market for 6+ Months and call buyers unrealistic.
In 6 months those offers will look like golden parachutes.
Sorry but if ain’t a Briscoes deal, people aren’t buying your soggy dog box, especially with much more downside on the horizon….
There's certainly an uptick in posts from financial dummies.
One was bewildered that a 100% loan for an investment property would need to be topped up $400 - $500 per week if they want a principal and interest mortgage, because paying Interest Only would mean they're relying on capital gains to make it work. They "worked their arses off to get to this point".
Why not just give everybody 100% loans, we can all buy investment properties and make money.
The thicko factor is massive in that group.
Property spruikers have pretty low IQ, usually.
That’s pretty clear from the commenters here.
Well if I've got a low IQ, it certainly hasn't damaged my net worth, which is many times the average kiwi's net worth.
How much is the average kiwi's net worth?
About $100k.
100k was my goal and was a lot of money, now its 100m or at least 50m. Aim high. Hands up those who agree
Google humility Wingnut...
You are what we call a figjam in my business...
ITG…interesting seeing those stats from the GFC, I was of working age then, but only just & far more focused on footy/beers etc, I remember petrol being bloody expensive & construction taking a serious nosedive…when they were making such grunty cuts to the OCR what was their commentary? Property took that long…what was the lag effect on unemployment, GDP & the average Joes sentiment to turn positive?
From what I’ve seen/read/heard this seems like it could a pretty classic cyclical cluster f**k, cut too hard (admittedly COVID was something unique), hold too long, cut deeper than the neutral rate to stimulate, cycle kicks off again…? And that surely is just dumb dumb shit, but it looks imminent
Aside from auctions in the Whangarei area, trademe listings are at 946, down from about 1100 not long ago and on a mapped area on Homes that I have saved as the same area for years it is now showing 977 sold in the last year compared to low 800s a some months back so definitely more selling up here, as well as the properties I am following have all had an increase in valuation recently across several websites.
This seams to show things are going pretty steady in our district. (proven by figures)
Yep steady alright.
Steadily decreasing Home prices, as high mortgage rates are the longterm future and investing in housing has burnt so many very badly.
Bad burns leave scars.
The confidence to invest in housing is completely gutted and set for the doldrums for many years.
if you are a bag holder there is always hope you can offload to one of the spruikers on here.... never give up hope that some fool will hold your bag. From today
Property Investors Chat Group NZ
Ross Barnett · ·
Can we please stop trying to Post about properties for sale, or that you have properties that someone can buy. We will start banning members as this clearly goes against our Group Rules.
maybe this group have jumped past anger and are at bargaining or desperation already.... please buy my crappy investment (at a price that needs top ups of 100's per week to cover costs)
That guy is the equivalent of “nothing to see here” you know he’s feigning objectivity, but really he’s just desperately focusing on narrative management 😂
Not really. People are breaking the rules of the group, and he is warning them that they will be banned. Fair enough.
Thanks for your comment and the link, IT Guy. I see that it is a pro-property forum, which begs the question as to why you are on it, as you are clearly very anti property investment?
Hammer meet nail
Many a Spruiker whine about how this forum is saturated with DGM's too.
Yet - here you both are. When you don't like the story you complain about editing, gramma, spelling and the amount of comments. Neither of you volunteer constructive thought provoking insight. IT GUY studying comments on a pro-property forum is pretty smart. I liken it to having ones ear to the ground.
At the moment from an investment perspective, there are several valid reasons to be anti property....(edit)
RP, you are hilarious! I'm not complaining, I'm just pointing out the facts, and asking a question.
This forum (Interest) is not specifically for pro-property investors, so of course anyone can visit the site and comment. The site referred to by IT Guy is specifically for those pro-property investors. Hence my question.
Why did you feel the need to reply on behalf of your good friend IT Guy? I'm sure he can respond himself.
I have owned a lot of property (now only my place and 2 commercial titles), I an not negative property as an asset class, but I do believe its way way overvalued in NZ and that has had massive impacts on NZ Society. Other asset classes for investments have less direct impact, even living next to a coal mine.
You cannot have a share market website that is only pro shares, you have to learn that there are cycles of over and undervaluation in the market.
I find it funny that a website that promotes property investment would ban people trying to offer other investors such great investment deals... surely its cheaper then poopellor property or staircase etc? buy direct off the more mature members who are only "helping" others onto the ladder.
Tron, I also felt the need to point out some facts too. If IT GUY feels there's a need to respond to your pointless prod - he will :)
edit - and as you can see, he did.
It was not a pointless prod. IT Guy answered, and it was a decent answer. No need for you to get involved with your ad hominem attacks.
Before I left Facebook I was a member. It's a great source for understanding the narratives property investors buy into and getting a feel for where their sentiment is. If you're interested in the New Zealand economy you have to be interested in the New Zealand Housing market and the property investors sites are great for understanding a piece of the picture.
When I left the housing market had started to crash and there were a couple of guys who would point that out. They would invariably be the object of personal attacks and vitriol for literally putting up facts and data which undermined some of the narratives on the site. It was cultish.
I'm guessing Schadenfreude. It's a great place to find it at the moment, unfortunately couldn't happen to a nicer bunch of people going off the way they loathe and despise their tenants during the good times.
All aboard Tothepoints Hillman Hunter folks! First Palmy - Auckland now it's Whangarei 🤣😆
Where next you Spruik Tim?
I think you might be in Joe Bidens camp and in need of a cognitive test as you keep thinking I am somebody else like he thinks Zelenski is Putin.
an increase in valuation recently across several websites.
Those sites are for shits and giggles only.....
While the new listings are more than sales, total inventory is actually decreasing. Vendors are withdrawing their houses rather than accept the prices currently on offer.
yes this is denial/early anger stage
the ones remaining will make the market, stupid as you cannot sell a secret
I’d suggest many are pulling them off to realist in spring - so it’s fresh on the market and not showing as sat for 15 months unsold.
Yes - this is true. Many denial struck/frustrated vendors are delisting as explained here; https://www.newshub.co.nz/home/money/2024/07/auckland-northland-house-s…
Unless it's been relocated, Whangarei still forms part of Northland.
Ahhhh the NZ spring 2024 and summer 2025...... all the stages of the crash are set to be in the middle of play.
Worst job insecurity, higher unemployment and still mortgages well north of the 4% range. Full on FOOP to rule the waves well into 2026.
The fear and capitulation phases are still to show in the currently bewildered and denial soaked Vendors.....
Under the current state of play, those who thought they could flick/flip quickly - the tides gone right out on those days.
There currently exists a glut of overpriced homes yet there are always patient discerning buyers out there if the price is right.
RP, buying well, renovating is what the investors are currently doing and is very rewarding currently.
My points. What about actual individual sales value? Achieved. I just happened to speak with 2 agents up that way yesterday and they are both telling me things are ugly and quite depressing for them. They are both experienced and know the business well.
In before spruikers somehow blame it on crowdstrike
more like a BuyersStrike
Dunno whats happening in Rodney but it has had terrible auction results the last 3 to 4 months .This time 0 from 8 sold . Milldale losing its shine?
Hey Big Mammoth,
Two where in Milldale, the rest where a collection across the area, mainly existing houses. Everything passed in, one sold in Millwater a week ago at auction for about 10% below RV from memory. https://www.oneroof.co.nz/property/auckland/orewa/22-maka-terrace/cWtOb
Most passed in or withdrawn as no registered bidders. Many around here seems to think not much will sell until rates fall. Bit of an issue further north around Warkworth / Matakana with 70/80 year old's stuck on smaller rural with no buyers. Everyone will be better off once prices drop and there is some liquidity again.
Many had must sell, motivated vendor etc etc in tag line.
Many of these new developments on the edge of Auckland, like Milldale, are screwed. Who wants to buy a small 2 bed townhouse for over 800k in those sorts of locations? Or a terrace house on a postage stamp section for circa $1 mill? Sure there will be some demand but not enough. Don’t they have to pay special rates in Milldale as well, over and above normal council rates? Or am I thinking of somewhere else?
Yup, Milldale doesn't have sewage hookup piped into Watercare mains so owners have to pay 3k+ every year to truck the muck somewhere it can be accepted
You guys could always try Riverhead.
In the last 12 months, median sale price +5.5%, median asking price +.9%, median rent +10.1%.
Nar mate, Riverswamphead is too swampy and with terrible traffic issues. Fools game trying to exist out there.
And its close to Coatesville, which is classy, reinforcing what a dump Riverhead is.
You do know that
Within the Auckland Council, Riverhead is a part of the Rodney local government area governed by the Rodney Local Board. It is a part of the Rodney ward, which elects one councillor to the Auckland Council.
Riverhead is where all the surface water runoff from Coatesville goes to.
Riverhead's going up because of very good reasons, I've written down 20 of them, quite a few of which I've mentioned here before.
There's 44,300 more houses planned for Kumeu, Whenuapai and Riverhead.
Who wants to be a millionaire?
https://www.realestate.co.nz/insights/auckland/rodney/riverhead
Median sale price dropped 15% in a month (May 2024).
Also, change the median sale price graph to 3 years.
As I just pointed out above, there's 44,300 more houses planned for that area.
https://www.greaterauckland.org.nz/2023/05/29/nationals-housing-policy-…
So what you are saying is that the crap traffic will get... crappier?
The traffic is bad wherever you go in Auckland during busy hours.
It's just a fact of life. Many prefer to live in dormitory towns like Warkworth and commute, but the traffic must be very harrowing.
I lived in Mangere Bridge and drove to Warkworth for work for 18 months, this was 13 years ago, mostly against the traffic, 1 - 1 1/2 hours a day. I ended up spending many hours adding up how much life I was wasting in a car going to and from a job that was a gap filler. It really did my head in, 37.5 days of my life I'll never get back.
Currently, to change those areas from Future Urban Zone (FUZ) to getting urban zoning a plan change is required and that involves going through planning and RMA processes. Just recently the council rejected a plan change for doing this at Riverhead due to it being on a floodplain.
I suppose the council will change their mind and decide Riverhead is no longer a floodplain?
Riverhead property is up, one of the very few areas in the country where it is. Ask yourself why that is the case.
The plan has TEMPORARILY been rejected, but the new government will more than likely reinstate it. Not because of flooding, because of infrastructure.
Do you really think that Fletchers, Matvin and Neil, amongst NZ's biggest developers, would buy vast amounts of land in Riverhead if it was likely to be rejected?
Those companies are run by some very smart people. I've been having a 6 month showdown with the Auckland Council, which I won by the way, and I can tell you the Council is made up of some NOT very smart people.
Your constant spruiking of Riverhead is comedy gold. Keep it up!
I think he's read/watched The Secret.
I'm not spruiking, it's a discussion - there'd be very few here with the cash to go and buy a few acres in Riverhead. But if you've got a couple of million to spare, be my guest, I've done the homework, just like McDonalds in Kumeu.
Got to be honest Wingman, if someone gave me $2M I would buy a $1M house, put $1M in the bank and retire and live on the interest. Much better things to be doing in life than trying to make the next buck. The problem with western society is they don't know when enough is enough.
You ain't gonna have much of a life on the interest on $1m after tax.
Resting on my laurels is something I'd prefer not to do.
Really so you cannot have a decent life on $60K a year with no mortgage to pay ? Like I said some people don't know when to quit.
Some people are completely hollow and miserable, and are only comfortable for short bursts when they get the bigger boat, car or house.
Creature comforts can be had with modest income, but some people need to compensate by forever reaching the next level. As you say, they don't know when to quit. A giveaway is when they feel the need to constantly bring it up with a bunch of strangers on a financial news website.
That and you feel you still need to work age 70+.
I don't work, I haven't for 10 years, I muck around with property, it's a been a very lucrative and pleasurable hobby of mine for nearly 50 years.
It's risky, but I don't mind, it's worth it. I've got a new build starting first thing tomorrow morning...can't wait.
Interest rates for 1 year are 5.7%, that's $57k, minus tax = $46,000. On $1m. At the moment.
Less rates, insurance, food, petrol, power, water, car and house maintenance isn't going to leave you much for having fun. Let alone a few of life's little pleasures like travelling business class.
I've got 2 friends who've needed operations recently. My neighbour has health insurance which just coughed up $130k for a spinal operation for his wife, and another friend who doesn't have insurance but had enough to pay $30k for a hip replacement.
The alternative for both was to wait for years...in pain.
Wingnut...didn't you used to work for AirNZ...so I'm guessing you don't pay much for your retirement travel...
What's called 'subload' travel is very risky, I could write volumes about it here, but if I need to be somewhere, I just pay like everybody else.
'Subload' means if you turn up to check in, and your aircraft is full...you don't go. I'm retired, the lowest priority. Or worse you could be somewhere remote, and if the aircraft is full for the next week or two, you're stranded. ..have a think about that.
I am familiar with sub load...I am also familiar with the good old days,great super,great pay and conditions etc...my suggestion is to stop being a 'figjam' on here,we get it,you've done amazingly well,your IQ is up there with Einstein and there is a river of gold running through Riverhead...but classy people with wealth tend to be quiet about it and show some humility.
I don't know what a 'fig jam' is, but if you don't like talking about money, I'd suggest you inhabit a website something more suitable for your IQ, like Reddit.
It's an aviation term for big heads..."F*** I'm Good,Just Ask Me"...
It's an aviation term? Well blow me down....I was in the aviation business for 46 years and I've never heard of it. Maybe you're a private pilot with 40 hours.
We never use it in front of the figjam...it's a term of derision that a person is annointed with by others...if you know,you,know...
DC8,DC10/CF6,747/RR,747/CF6,767/CF6,787/RR Trent,A320CEO,A320/1NEO....so no,not a private pilot with 40 hours
But not a pilot. If you started on the DC8 you'd be 80. At least.
I think you're FOS.
No not a pilot....I'm guessing you were?
Yes, 20,000 hrs on 747's alone.
Well done,but back to my point,a little humility wouldn't go amiss...any one flying for that long would be a disappointment if they didn't amass assets...as long as you didn't have multiple wives as many do lol...pilots are well known for being tight lol,given your tax free cash allowances etc,you should be able to bank your salary....they work a bit harder these days.
There used to be a term for the pilots 3rd wife..."GST wife",the 1st left them with50% of their wealth,2nd 25% & 3rd 12.5%...hence GST wife,back when it was 12.5% lol.
I always have a chuckle when I see someone trying to fool themselves and others that they have made not made a mistake when in fact they have. No one gets through life without making a financial mistake. The trick is to not make too many, to not make big ones and to learn from the mistakes.
I once met an economist that lived in Coatesville, also on a section on a flood plain. He was incredibly arrogant, talked incessantly about his investment wins, trips to Europe and Riverhead.
He was the epitomy of narcissistic, individualist greed.
He might have been a strong player in the capitalist game, and struck me as having an overly charming yet abrasive front to mask insecurities.
I felt sorry for his family.
You needn't feel sorry for my family, you're wasting your time. My children are gainfully employed in Australia.
This website is about money, not about socialism. I do wonder why there's so many socialists here, telling us all about how bad success and prosperity are.
In your particular case, it's envy.
What happened to the tidal wave of listings from the bright line test changes? It’s steady as - interested to see the numbers in a few more weeks after purchasers recalculate buying power with the interest rate cuts.
The "tidal wave" was just a misguided attempt to rattle those on the edge to list and sell to a lowball offer. I dont think it did
No one was expecting a wave of selling, come the 1st of July.
Many are expecting a wave of selling (or attempts to get out of overleveraged, property purgatory/Dodge) in spring to summer 2025.
All at much lower prices, as the tax free capital gains are best captured at soon, (or the sinking losses are to be limited) than needing to take the lower prices that will be apparent, later in 2025/2026.
I see a lot of Auckland dog boxes having a winter splash of paint (bad paint jobs) and tidy up........to be listed for sale, at the first sign of spring emerging....
If we get the expected OCR cut around spring,expect the RE industry to go into marketing overdrive..."the bottoms in..","get in quick..",then watch all the listings come on stream.
You mean wheeling out the dross talking points of ole, 10% Tony the Comb? Or "Buy Now, Bee Quick" Church of Ashley ???
They need more reliable and trusted people, than these self-vested interest rodents.
The REAs and linked FIRE industry are the least trusted people in NZ, no one should be fooled by them again ??
BTW gents, slightly off topic, but did you know that one of the possibilities out West is to turn the Riverhead Forest into a catchment area for a dam to provide water for Auckland city?...FACT!.
Imagine the possibilities..not the ugly dams of the old days, but a recreation area and park. The Riverhead Forest is already very popular for hikers and walkers.
Imagine the amount of money spent in the area.
Crazy huh! Just a shame it's not in any of the 10 year plans, so we'll be waiting a while.
Dont worry ole Winger has a great plan......to drain the swamp.....
Technically possible, but would suffer from algal blooms like other water sources across the country which are downstream from exotic forestry and intensively farmed land. Not a goer unless the owners of the forest were to change land use permanently
That looks like what will happen. Not much farming around there, and the forest is pretty big, I've walked though it.
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