Main Centre Outlooks in Brief

AUCKLAND:

Affordability issues remain at play and a construction boom means new supply is coming on to the market. But recent data suggests the market has turned a corner after a period of stagnation. Prices should hold steady or grow slightly, but the falls look to be over. Verdict: still quiet – but improving.

WELLINGTON:

The market has been booming for a few years, but conditions look weaker now. Supply shortage and affordability issues are at play. But higher prices have meant more listings so there’s more buyer choice. Verdict: it will keep trucking along, but softer times lie ahead.

CHRISTCHURCH:

This is a market moving to a different beat. Due to the earthquake rebuild, there is sufficient supply. For buyers, it’s affordable and there’s plenty of choice. Verdict: stable with solid long-term prospects but quiet in the short term.

DUNEDIN:

A buoyant market with no loss of momentum likely. Can’t see that changing. Supply is tight and there’s lot of infrastructure building and development going on. Verdict: further growth is likely.

TAURANGA:

Has similar pressures to Auckland. Prices are high and there’s affordability issues. The market is tough for local buyers, while out-of-town buyers do have an impact. Verdict: Growth caps at play, limited movement expected.

Published by chasgunaratne

Property Investment. Property Syndication. Asset Management. Property Management. Property Financing. Commercial Real Estate. Capital Raising. Strategic modelling and growth management. Acquisition and divestment of property.

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