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Property market report

When you buy gold, shares, bonds or put money into managed funds, it is only an investment. It might look good(or not) on paper, but it represents a financial worth, a present day value that you hope will increase as time goes by and the world changes.

When you buy a home it is a tangible asset. A living thing that delivers pleasure for purpose. You can add value, you can redeem an income (if insulated correctly) and you can call on additional cash funds and reserves to make life more liveable. Property like all investments has a trading cycle which like all financial commodities is heavily influenced by how many similar properties are on the market and how many buyers there are. If there is a glut of land on the market and very few buyers, prices will weaken and if a home is unique and many buyers are interested, then competition will drive value up, based on desire for ownership. We are facing an unusual situation at present that some areas have a significant oversupply of land and houses and some areas have fewer properties and strong unique strengths causing demand to be high. What I can guarantee you is that if you are buying in this market you will achieve a very fair buying price and you will be able to start adding value to your investment straight away, increase the desirability and enjoy it for everything it is.

Because buying a home is more than just an investment, it feels really great, and you can make it uniquely yours. Make that happen today and see the benefits tomorrow. Now let’s look at the market sales:

Herald Island residential             $1,690,000

Hobsonville residential               $670,000 to $1,350,000

Massey residential                      $529,000 to $970,000

West Harbour residential            $665,000 to $1,200,000

Westgate residential                   $973,500

Whenuapai residential                $1,041,000 to $1,168,000

Whatever your position and whatever your choices it pays to have a honest and upfront relationship with a professional and competent real estate professional to get your marketing and sales process on course and ensure your journey is well mapped out and well driven. Even if you are considering renovation and refreshing we have a suite of information and a checklist for ensuring you spend money in the right places to achieve a solid financial gain. 

Call me today for a no obligation chat about your situation and what you are seeking to achieve. Phone 0800 900 700, text 027 632 0421, email graham.mcintyre@mikepero.com or view www.grahammcintyre.co.nz - Mike Pero Real Estate Ltd Licensed REAA (2008).

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August 2019

the Westerly August 2019

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