4th July '09

The article ‘Demand will spur housing shortage’ in ‘The Press’ last Monday confirmed everything the experts have been saying for sometime now. It should have been front page news!! With the decrease in the number of new homes being built and with 11,200 more people shifting to NZ than leaving in the year ended last month, what would you expect! Locally the real estate agents are crying out for more listings and I have noticed the inquiry from new immigrants just keeps growing and more importantly my sales reflect the demand. Inevitably with greater demand, prices will start creeping up. This was backed up by Tony Alexander in his article in ‘Business Day’ - “The housing market has done its decline and now we are simply looking at an environment over the next few years where prices rise relatively gradually under pressure from above - average population growth, below average interest rates for the next 12 to 18 months, and a shortage of dwellings.”  This is positive news for the construction industry and all associated companies. The way I see it, the more positive news we get, the more confident we will be about the future. There will always be those people who take great delight in being negative; those are the people I try to avoid. Finally, the ‘Trade Your House’* campaign is into its final month, it’s a great opportunity for those of you who want to get into a new Streamside villa. Have a fantastic weekend; I know I’m going to!!
 

* Conditions Apply