Strong attendance and genuine inquiries at a recent open day at Rawhiti Estate indicated that Auckland’s residential property market might be about to turn.
BeGroup Managing Director Guy Eady says that even in a flat market, there will always be buyers for good quality homes provided the price is right.
“Expectations about massive gains on the sale of the family home seem to have become more realistic. Remuera is a solid market where people tend to hold onto their properties until the market strengthens but are keen to sell when prices begin to come back. Immigration remains steady and unemployment is at historically low levels – these are among the factors that typically drive house demand and prices.
“Buyer interest in Rawhiti Estate began going up in May, and June has started well. In Whangarei, where the residential market has been strong, sales at our Falls Estate have been excellent,” says Guy.