I’m already on track with my predictions on Auckland housing this year.
Last month I reasoned that the markets would continue going up and predicted that the Chinese would be back in record numbers after Chinese New Year.
Already statistics show increased immigration, and now sales are on the increase again.
Auckland residential property sales volumes jumped to an eight-year high for the month of January, according to the city’s largest realtor.
The number of sales rose 4 percent to 893 in January from the same month last year, marking the highest level for a January month in eight years, Barfoot & Thompson said in a statement. The 919 new listings in the month is 23 percent lower than January last year, and the realtor said it had just 2,574 properties on its books at the end of the month, a 20-year low. Read more »