Nelson – stands out in April 2009 Property Report
Yesterday the April 2009 Property Report was released by realestate.co.nz.
Like I’ve said before a picture, or in this case a graphic can speak volumes, sometimes more than words alone. Make your own conclusions.
The above graphic depicts new listings for April, so its probably not surprising if you have been getting those flyers in your letterbox saying agencies are low on stock.
Above are the asking list prices for those New Listings mentioned above.
Under the heading REGIONAL SUMMARY included in the www.realestate.co.nz released April report is the following…….
The national decline of new inventory is reflected right around the country with year-on-year double digit decline. The only exception is Nelson which traditionally has maintained a very active property market and coincidentally Nelson recorded one of the leading increases in asking price – up 13.8% for the month as compared to April 2008.
We still have a way to go in regards to the unknowns of unemployment and immigration, plus this current flu issue, but the snapshots above are presented to ensure people looking at buying in the region don’t think by sitting on the fence they will automatically get their dream home, at a dream price.
Utlimately, given time, sitting on the fence may result in that dream home coming up, but if you consider the above data, …………..at what price?
While not exactly a call to action, but more for a buyer to question themselves, are you caught up in this “best time to buy” game. Don’t play it!
Make the decision to buy based on your own personal conditions and circumstances.
What I am saying is that there are plenty of local signs to support what the figures above indicate, so if an opportunity presents itself, and yet only 8 out of the 10 boxes are ticked, not the 10 you want, then you still need to think seriously.
And the flu issue could still have an effect in NZ, keeping in mind the fact that we are only 2nd to Ireland for the fact that more of our countries citizens (as a percentage) are out of the country at any one time.
Figures bandied around say up to 1m, but recent data seems to suggest its more like 700,000 off-shore at any one time. That is still a considerable percentage of our population and so effects on overall tourism, Kiwi’s OE’s, more Kiwis coming home, etc are yet to be known.
Interesting, and in slightly related South Island Property News from Stuff, is that Arnie the Terminator has shown his confidence in Mainland property and plans are underway to build a multi-million dollar home in Queenstown. According to the Dominion Post this morning, Mr Schwarzenegger is to sink millions of his Hollywood fortune into a home to be built overlooking Queenstown’s Lake Wakatipu.
SOURCE – Realestate.co.nz April 2009 Property Report and Dominion Post 02/05/2009
May 02 2009 | Buyers and Nelson and New Zealand and Sellers | No Comments »
.jpg)
