Record Property Sales In Southland

Tuesday 23 March 2004

Ongoing confidence in Southland property demonstrated by both residents and investors saw Harcourts' Invercargill and Gore offices enjoy their most successful month ever in February.

By The Landlord

Office owner Tony Jenkins says his teams wrote an average four property sale contracts per day, totalling 129 by the end of the month worth $23.3 million, or just over $800,000 a day.

"We are continuing to see a lot of rental property investors, with a growing number from Melbourne and Sydney in particular, viewing property on our website and in some cases buying 'sight unseen'."

One Australian investor bought 19 investment properties last month, while just this week they had managed the sale of two properties 'sight unseen' to a buyer from Indonesia.

Mr Jenkins added that there was also a continuing trend of local residents moving to more upmarket properties, reflecting the confidence they had in their local Southland economy.

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