Comments on: Mr Good News here again

By: Paul

Paul — Mon, 09 Feb 2009 23:34:19 +0000

I would like some analysis done on what Unemployment rising to 7 or 8% will do to house prices.

By: david

david — Thu, 05 Feb 2009 23:53:44 +0000

I’m an agent in Wellington’s Northern Suburbs. The last few weeks have been busy with new enquiries and full open homes especially in the first home buyers bracket up to $400k. Stocks on the market are still very low with little new coming onto the market in my area at present. Consequently, we have seen a bit of a clear out of stock that has been sitting for a few months as the pent up demand begins to flow into sales. My pick for the next few months is a slight rise in prices (yes upwards!) with a continued price plateau through winter. Further interest rate drops will be stimulatory. This picture may sound different than alot of areas around NZ but is what we are experiencing in Wellington’s Northern Suburbs currently.

By: Ian

Ian — Thu, 05 Feb 2009 19:07:48 +0000

Nick, you sound like it is as simple as one-two-three with sellers accepting low offers from investors than making them additional low by taking another 10% off!!! As a salesperson for sellers the mention of the word “investor” turns a seller negative as soon as they hear it! I would rather have a happy client and a happy customer with both feeling they had got a “fair” price, because one day the investor becomes a seller!

By: Nick

Nick — Thu, 05 Feb 2009 06:35:58 +0000

The naysayers are saying that now is not a good time to buy because property prices may fall another 5-10%. Why not subtract 10% from your offer and get property with great CF at low rates now when everyone else is hanging back?