Housetalk- Issue 161

Dear Resident,

Dec 2014 and Jan 2015 showed continuing strength in the West Auckland housing market. Figures for homes and apartments for Waitakere City were as follows:

	December				January
Dec 2013	Number of Sales		325	Jan 2014	Number of Sales		231
	Average days to sell		27		Average days to sell		31
	Median Selling price		$528,000		Median Selling price		$515,000
Dec 2014	Number of Sales		370	Jan 2015	Number of Sales		257
	Average days to sell		26		Average days to sell		26
	Median Selling price		$599,500		Median Selling price		$589,000

There has been no change in the OCR but world economies still look sluggish except for the U.S.A which has shown continued improvement in recent months.

Europe is still very depressed with only Germany and the U.K showing any real progress. Greece is in serious trouble and at risk of defaulting which would be very negative for all of the E.U.

Japan is still weak and Australia is suffering a slow down. This all suggests interest rates and so in turn mortgage rates are not just likely to stay low but may even fall further. 

Capital Gains January 2010 - 2015 - Median Prices

 

Green Bay 56.8%

Titirangi 43.8%

West Harbour 67.6%

Hobsonville 111.5%

Do you want to know the value of your property? Its probably worth more than you think. Contact me for a free no obligation value update.

Best wishes,

John Goodrum

Licensee Agent REAA 2008