sharetrader
Page 31 of 31 FirstFirst ... 212728293031
Results 451 to 455 of 455
  1. #451
    Member
    Join Date
    Apr 2017
    Location
    Palmy, NZ
    Posts
    38

    Default

    Wooh, what happened to Auckland with the whole million dollar price tag stuff we all got told about just a few months ago?
    $865k, now.
    So my initial statement was that Auckland house prices were in bubble territory but it kinda looks like a deflating bust now.... Nah I think Auckland's house prices are going to go down a lot more when you have more motivated sellers trying to get out from under large mortgages.

    After Auckland's leaky building fiasco, (literally I have a family member that wrote the book on that) and the ongoing cheap building materials being everywhere I'd have no faith in off plan apartment purchasing. My $0.02 of course!! I'm not everyone.
    Last edited by Blackrose; 24-06-2017 at 11:12 PM. Reason: word or two disclamer

  2. #452
    Senior Member
    Join Date
    Aug 2012
    Posts
    1,210

    Default

    Quote Originally Posted by Blackrose View Post
    Wooh, what happened to Auckland with the whole million dollar price tag stuff we all got told about just a few months ago?
    $865k, now.
    Depends - are you comparing median price with average price? Average price is a fair bit higher than median. Also, median prices can vary month to month depending on mix of expensive v. cheap houses sold during the month.

    So my initial statement was that Auckland house prices were in bubble territory but it kinda looks like a deflating bust now....
    I am not sure about that. See above.

    ...
    After Auckland's leaky building fiasco, (literally I have a family member that wrote the book on that) and the ongoing cheap building materials being everywhere I'd have no faith in off plan apartment purchasing. My $0.02 of course!! I'm not everyone.
    Opinion piece in the NZH
    http://www.nzherald.co.nz/business/n...ectid=11880933

  3. #453
    Senior Member
    Join Date
    Aug 2012
    Posts
    1,210

    Default

    Quote Originally Posted by MARKETWINNER View Post
    There are most expensive cities in Asia and Africa as well.

    https://face2faceafrica.com/article/luanda-expensive-2

    What Makes Luanda Most Expensive City in the World?
    You missed an important qualifier. The most expensive city for ex-patriates. "The rising demand for luxurious housing in Luanda against a limited supply of it has seen the cost of housing rise steadily over the past decade."

    I am betting there are broad swathes of Luanda where the burgeoning ex-patriate oil executive population would not live. Luanda, Angola, is recovering from a civil war - unlike Auckland!

  4. #454
    Member
    Join Date
    Apr 2017
    Location
    Palmy, NZ
    Posts
    38

    Default

    I am chicken little. I think the sky is falling, and the Auckland's housing market is going down too.
    But eh! If your that confident that it's not go ahead.

  5. #455
    Legend JBmurc's Avatar
    Join Date
    Sep 2002
    Location
    Central Otago
    Posts
    6,363

    Default

    Reading the NZ Property mag put some of the hottest Auckland Suburb ....the highest 2.7mill average for 3bed the lowest in country -Bluff in southland 3brd- 130k average .....
    Last edited by JBmurc; 26-06-2017 at 09:50 PM.
    Sell the hype, buy the fear. Always second guess the sentiment but trust in the fundamentals

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •