Dear Resident,
The number of sales of dwellings including apartments in Waitakere City for March was 473. There were 56 sections sold. The median selling price in March was $732,500 up from February which was $683,000. The average days to sell was 29.
Both numbers of sales and prices saw a big increase. The pause in West Auckland house prices seems to be at an end.
The predictions are for further falls in the OCR (official cash rate) either on the 28th of April or the 9th of June. Even though the OCR currently at 2.25% is a historic low in New Zealand some analysts suggest an OCR of 1.5% by the end of 2016.
Capital Gains March 2011 - 2016 Median Prices
Sunnyvale 67.7%
Swanson 83.9%
New Lynn 77.2%
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
021945140
thelegendofthewest@gmail.com
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