Dear Resident,
May was another strong month for sales and prices in West Auckland.
| No of Sales | Average days to sell | Median selling price | |
| May | 410 | 29 | $ 720,104.00 |
I expect house prices to continue to rise for at least the rest of this year and most likely next year too.
Why? Looking first of all at New Zealand, we have a strong economy, low unemployment , low inflation, falling interest rates, high net migration and for Auckland especially an ongoing shortage of houses.
For the rest of the world, USA the worlds largest economy is showing good signs of growth, China while slowing somewhat is still strongly growing.
Europe (except for Greece– a minor economy in the scheme of things) is showing signs of growth being led by Germany and the U.K. Watch out for India– the next “dragon” as a rapid growing large economy.
Capital Gains May 2010 – 2015 – Median Prices
Green Bay 122.6%
Titirangi 37.3%
West Harbour 32.9%
Hobsonville 35.0%
Do you want to know the value of your property? Its probably worth more than you think. Contact me for a free no obligation value update.
Best wishes,
John Goodrum
Licensee Agent REAA 2008