On the fringe
Monday 8 March 2004
Real estate agents working the Freemans Bay/St Marys Bay/Ponsonby area discuss the on-going demand for inner-city living.
By Vicki Holder
"The impact of [a downturn in] immigration doesn’t hit us so much because there are always going to be more people who want to live here than properties for sale." Simon Damerell, Ray White, Ponsonby.
There’S a growing breed of Aucklanders who work hard and want to play hard without having to waste precious time commuting and waiting in traffic queues. They work in the CBD, earning good money and can afford the big mortgages demanded by the city-fringe suburbs of Freemans Bay, Ponsonby and St Marys Bay. Perhaps that explains why several weeks ago on the first open home for a property at 22 Hepburn St in Freemans Bay, Ray White Ponsonby agent Ann McDonald had more than 300 people through the property.
Read More - Opens in a new window
Commenting is closed
House Prices
Values pick up the pace
There’s a more upbeat feel to the property market and it’s obvious in this month’s QV data which has values firmly on the rise.
Commercial
Commercial disrupter proves popular
New commercial property disrupter, Jasper, has hit the ground running with their first investment offering achieving full subscription in just 36 hours.
Mortgages
LVRs kept on hold
The Reserve Bank has kept its LVR speed limits on hold amid fears low interest rates "could lead to a resurgence in higher-risk lending".
