The Upper Hutt real estate market is not Auckland's. There is life south of the Bombay Hills!
At the time of writing of this we are 2 days from the election, so at the time of reading this you will know what’s happened, which party is in and in which direction the country is going to go in the next 3 years.
To be honest, from a real estate perspective, it doesn’t matter who gets in. Why’s that Steve? I hear you ask.
Simply put, while there are terrific arguments about just about everything under the sun from both the large parties, the simple fact is that under one government we are going to have 70,000 more people adding to our population or under another government we are going to have 40,000 more people.
I may not be the brightest button in the world but I’m smart enough to see that there is simply not enough property for everyone and as fast as builders can build a house, they can’t do it fast enough.
So what does this mean for our local market? My strong opinion is that property prices will rise. For those who think that that the $100k+ price increase in the last 12 months or so is unsustainable, it was only 2016 that people who bought in the last peak market last 2007-early 08 got back the money they paid. It’s not $100k+ in a year, it’s a $100k+ rise in 10 years.
There is one thing that has got mightily up my nose in recent times regarding punditry regarding the property market and it is that every comment says how flat the market is! There is no doubt that it is in Auckland but it’s certainly not in the Wellington region, if you have any doubts, ask someone you know who is looking for property. Would the larger NZ media please recognise there is life south of the Bombay Hills??
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 firstname.lastname@example.org alternately fill in your details here on my website.
(04) 212 6787
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