Hi Readers,
Have you ever heard the saying, ‘Buy Low, Sell High’?
How about the saying…‘Do the opposite to what everyone else is doing’?
With so much media coverage about doom and gloom around the property market, the smart, savvy property buyers I have been working with, are actively buying right NOW. The lull in the market won’t last forever because when we look at the macro picture, the human race is always advancing and world population numbers are increasing. It’s all about supply and demand, everyone needs somewhere to live.
I used to always hear people saying “I wish I bought more property 20 years ago”. Maybe in the future, we will hear people saying, I wish I bought more property in 2008!
The great thing is, even if you are selling right now, you are still buying back in again on the same market, so it is all relative.
Here are some recent stats;
-It is now taking nearly two months to sell the average property in NZ!
-Last month in NZ, 4,305 homes were sold, compared with 7474 for June last year (2007) according to REINZ
-The reserve bank has just lowered interest rates yesterday 24th July from 8.25% to 8% (Funny, I didn’t notice the papers making big headlines about this…They say doom and gloom sells papers, I am sure they would still sell papers if the headline read “Interest Rates Lowered First Time In Five Years”)
My two hot buys of the week are:
-Large 2 Bedroom apartment, with high ceilings in a character building on Emily Place, Downtown Auckland. Freehold. The owner is now ready to meet the market in terms of price, where ever that might be – www.barfoot.co.nz/391606 – If this rings your bells, act now and try an offer!!
-This may end up being one of the best buys on the shore! Circumstances dictate, this owner must sell this large 3 bedroom home + a big upstairs entertainment room in Northcote. On nearly 2000m2 of native, private bush. You can enjoy the peacefulness with the birds singing, tranquility and privacy, and only 10 min drive to the city! www.barfoot.co.nz/388368, It’s going to Auction and will be sold, so who knows what someone might pick it up for in this market!
To see my other current listings, please click here now.
I have been flat out recently, so my apologies if I haven’t been in touch as much as you would like. If you are desperately wanting to buy or sell, give me a call right away!
Know anyone else who would be interested in getting my property market update newsletter? Please feel free to forward this on to them. (Or ask them to drop me an email requesting to be kept informed).
Have a most outstanding weekend.
Kind Regards
Aaron Cook
Residential Sales –
Barfoot & Thompson city office
Telephone: 09 3778583, Office: 09 3076340, Mobile: 021 612 642
To learn more about me, please view My Personal Profile
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