Market Update Sept 2016

By Mark | Real Estate

A few words from Peter Thompson

The combination of tighter mortgage lending restrictions and perceptions that residential property is fully priced continues to slow Auckland housing activity.

“With the arrival of Spring, housing activity normally lifts, but it has not been the case this year.

“Rather, the market continued the trend which first showed in July of prices increasing at a much slower rate that in the past two to three years.

“While in September the average price increased, compared to August, the median price actually stayed constant.


A few words from me (Mark Boyd)

We are seeing less people through the open homes than a couple of months ago. Those that are coming through are generally keen buyers (that’s apart from the neighbours of course). Notice below the Te Atatu Peninsula average 3 bedroom house sale price is the same as the Auckland average three bedroom house sale price. Houses are generally still achieving great prices with first home buyers getting a better shot with entering the property market. As always, who knows what happens from here.




September sales data for all properties sold in Te Atatu Peninsula






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