Fields of gold
Monday 31 May 2004
After nearly 20 years selling rural real estate, Bill Symonds has seen his fair share of ups and downs.
By The Landlord
As the high dollar began to bite late last year he, like many in the rural sector, was prepared for the economic fallout.Six months later he is still waiting.
"The downturn hasn't happened and I don't think it will happen," he says.
"Commodity prices have ups and downs but we've had strong demand for five years now. It's still strong. We've got more buyers than sellers."
Symonds - who is based at Te Kuiti and specialises in large sheep and cattle farms - is convinced that this long boom is sustainable.
"Buying a farm is not about a short-term investment. Most of the people I deal with are in for the long haul," he says. "There is long-term confidence."
It's not hard to find experts to back up Symonds' gut feeling.
Read More - Opens in a new window
Commenting is closed
Property News
Return to market form
There’s been a rallying of the market with the latest REINZ data showing both sales volumes and median house prices noticeably up with the onset of Spring.
House Prices
No stopping Capital price rises
There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.
Mortgages
LVR limits slow down investors
LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.
