Our residential median in Feilding is currently about $250,000, and so it will have to double to reach $500,000. We need a crystal ball to predict the future, but we can get a guide from the past. Feilding’s median has more than doubled 5 times in the last 43 years, which means that on average, it has doubled every 8.5 years approximately.
My Dad, Trevor Ford, started his Real Estate Agency in 1969. I commenced in Feilding as a Registered Valuer and Real Estate Salesperson in 1983. I therefore have good historical records, and since 1992 we have the REINZ statistics to refer to.
Over time, houses in Feilding have proved to be very good investments. Now is a fantastic time to buy, with the property cycle at the bottom, low interest rates, and great prospects for the future.