The Auckland house market remains firmly in the grip of the zombies, while the rest of New Zealand is down on sales volume but up on price… for now.
Stuff quoted veteran investors Olly Newland and Graeme Fowler today. Both made fortunes in residential property but are now focused on commercial property.
REINZ puts positive spin on July data, while mainstream media puts a more alarmist slant on the latest NZ and Auckland house prices. Who do you believe?
This housing market cartoon appeared 12 years ago. I laughed so hard at the time. It summed up perfectly what people were saying about the property market.
Auckland’s once-heated housing market is now burning brightly in the provincial regions. How long before they are hit by Auckland’s zombie house market?
Auckland consented a record 14,032 new homes in the year to June 2019. House consents are one thing, but actual building is another, says Olly Newland…
If you are wondering why your property has slipped in value or is slow to sell, could the ban on foreign buyers be a factor? Let’s dive into the stats…
Australian media has been filled with stories of plummeting house prices in Sydney & Melbourne, especially apartments. Could a similar fate befall Auckland?
The housing crisis isn’t a shortage of homes, it’s lack of demand. With sales stalling, is Olly’s prediction of a 7-10 year ‘zombie market’ coming to pass?
An impending oversupply of apartments in Auckland will constrain rents and make it difficult for developers trying to build into a reluctant market.