The Auckland property boom is spreading
Hi folks,
As we all know the Auckland real estate market is going gang busters, it’s pretty difficult to avoid as it seems it’s on the news nightly and a favourite topic on Talkback radio. It’s particularly difficult to listen to if you’re in the situation of selling your property in Upper Hutt for the same as you paid some years ago or even less as the case may be.
There are positives to house prices rising in Auckland though, and that is that newly minted Aucklanders are significantly more interested in properties outside their region compared to the same time last year, according to the latest data from Realestate.co.nz, the website with the most property listings in New Zealand.
“The number of people from Auckland looking at properties in other parts of the country has increased significantly over the year from last May. This is a dramatic change in online searching behaviour, which could well be driven by record high property prices in Auckland”, says Brendon Skipper, CEO of Realestate.co.nz.
Properties for sale in Hawke’s Bay have attracted the greatest increase in levels of interest, with 152.2% more Aucklanders looking at properties in that region compared to the same month last year. Other regions which have seen a huge jump in interest from Aucklanders include Manawatu/Wanganui (+123.4%), Waikato (+113.8%), Northland (+85.5%) and the Bay of Plenty (+83.5%).
At this time there are no stats for me to show any level of interest from Auckland for the Wellington region but I live in hope that they cast their gaze south and spread the wealth to Upper Hutt!
If you are thinking of selling your home, would like an appraisal, or want more information on the Upper Hutt property market please call me on the numbers below or contact me via email steve@steveslicker.com alternately fill in your details here on my website.
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Kind regards, (04) 212 6787
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