ANZ economists say Auckland housing market may be soggy about Wintertime ANZ report suggests Auckland housing market has remained soft Regardless of the recent surge in Web migration 29th Apr 24, two:59pm by Greg Ninness

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“There will be combined sights about this level we’re at in the cycle. Present property proprietors will without a doubt be pleased but you can find always two sides on the coin from the housing market, and aspiring purchasers would Obviously choose to see even further declines,” he stated.

Analysts and agents report a "stand-off" amongst sellers and buyers and a large hole involving their anticipations of precisely the place prices sit at this moment.

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“There are some houses we could afford to pay for from the outer suburbs, but then we’d be experiencing a three-hour commute each day. At which issue, we could too live in Hamilton. Go, you say? Why must we? I worked challenging to create my career And that i’m not able to give it up just however.”

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Just 12 months in the past, the real estate market in Auckland was characterised by robust demand from customers and higher prices. Investors ended up especially active, driving up prices for both equally present Qualities and new developments. 1st-dwelling consumers ended up finding it hard to enter the market on account of competition from investors, and cost-effective housing possibilities were being scarce.

There was an inkling of uncertainty as a result of the impending election and possible changes in Government coverage. General, it absolutely was a challenging time For lots of prospective buyers, notably Individuals looking to enter the market for The 1st time.

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