What percentage of Monaco's workforce commute in from Italy and France each day?
What percentage of Auckland's workforce commute in from Hamilton and Tauranga each day?
I guess we should read this as: "grossly unaffordable."
Thanks Macduffy....if only it did not need correcting! However with current policy and investment settings, accommodation costs and land values are destined to continue to comprise such a large part of NZers income and wealth.
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!
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.
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.
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
I'm personally a realestate agent, my take on the article and what's actually happening in the market place is a lot different than the media reports. First in response to the article quite simply you may see a small surge back up with prices as the buyers are now once again outweighing the sellers. I'm in hamilton and we are consistently having multiple offers on properties and auctions are still being brought forward. The houses sold at auction day has decreased but the number sold hasn't ( many selling only a few days after auction.) in our office meetings we are seeing a large number of buyers unable to find options. I'm busier than most agents (number two in the city for my brand) so there will be many saying it's slow and hard but these agents are new and haven't been in this type of market before. Some sellers are waiting to sell until after elections as there is always a slow down market wise historically which then takes off again from January.
...I'm in hamilton and we are consistently having multiple offers on properties and auctions are still being brought forward. The houses sold at auction day has decreased but the number sold hasn't ( many selling only a few days after auction.) in our office meetings we are seeing a large number of buyers unable to find options.
Mayby Hamilton is at the position Auckland was a couple of years ago. I increasingly hear of Aucklanders, moving up to 150 km North and South just to buy a home without huge mortgages and clogged up neighbourhoods. Previous Auckland booms have seen a subsequent booom (although not to the same extent) elsewhere.
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Originally Posted by Joshuatree
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