Five reasons Christchurch real estate is a no-brainer

FIVEI thought our last week’s comments by the so called experts was pretty much what you would expect, predictable and boring, so I thought I would give you my take on some basic reasons why I am fizzing about the opportunities right on our doorstep.

  1. Opportunity
    Post-quake opportunities are for most of us a once in a lifetime plethora of opportunity. Whether it be developing a business, spec building, buying to meet rental demand or simply securing a new apartment on the fringe of inner city, these are all the right reasons to be a part of it!
  2. Supply and demand
    Currently we have a housing shortage. With the influx of personnel for the rebuild (to date this has largely been for infrastructure) and especially as commercial and residential ramps up it is not rocket science to grasp the bigger picture of demand for real estate across the board. From light commercial to inner city retail, rentals and of course residential, over the next decade these sectors will show sustained growth. That’s not to mention the growth following the rebuild phase with Christchurch being the next buzz city to be in – I could go on…
  3. Flush local economy
    Of course we have an artificially buoyant economy, what else would one expect with $40b being injected into one province? So why not jump on board and make the most of it and even if it only lasts for 10 years (which I doubt), at least you took action.
  4. Capital growth
    While it seems inconceivable that we could see property doubling in value over the next ten years, all the signs are pointing in that direction and having owned investment properties for best part of 15 years during some pretty patchy years it is interesting to note that overall the majority of those properties have more than doubled in value – quite handy equity in such times of opportunity.
  5. Compulsory saving
    I am of the opinion that buying real estate is better than saving money in the bank. While capital growth appears to be one of those “bonuses on the side” the discipline of paying a mortgage on an investment in my opinion is best form of saving. Unlike a bank where you can simply go to the local ATM or online and draw out funds to spend, the “bricks and mortar” of real estate become a resilient firewall that curbs compulsive spending.

I trust this is thought provoking and like my good clients Ian and Tess who bought an investment property the day after we met – you’ve just gotta do it!

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About Peter Griffioen

Peter Griffioen - or simply Griff to those who know him - has an established reputation as a high-producing Harcourts Canterbury salesperson. With a focused approach to customer service you can rest assured that you are in good hands, whether it be a relaxed chat about the state of the market or an in-depth discussion regarding your next property transaction. The key advantage of engaging Team Griff’s services is their local knowledge and experience. Currently in this post-seismic era, it is vital to have true professionals working on your behalf, ensuring that you are guided through the process professionally and with a caring approach. The advent of the ‘as is, where is’ market means specialised expertise are required and Team Griff has taken it on themselves to both understand and explain the pros and cons of this now accepted sale/purchase option. For over 26 years the Griff brand has become synonymous with achieving results. Griff now prides himself with his five member team and takes much satisfaction from empowering them to both achieve and reach their own goals. A team with a proven track record placed with the highest ranking Harcourts Million Dollar Club members, exceeding the $275m level. Such accomplishments highlight the team’s exceptional marketing and negotiating skills. Team Griff are recognised as industry leaders for their online presence and regular blog posts of current and relevant real estate information. E-marketing and readily available property specific detailed info means Team Griff’s clients have the edge when it comes to selling their homes, not forgetting purchasers who benefit first hand. A simple Google search says it all – the Griff brand ranking with the most frequent. Griff’s life focus extends beyond business, with quality time and fun being high priorities, while mountain biking, boating and fishing provide that vital time out. His Christian faith is his anchor for daily living, and his community is important to him. For a team approach to optimize the result for your next property transaction, be sure to talk to this award winning team - synonymous with hard work and results! Griff and his trusted team welcome your enquiry today.

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