š| 1-minute read
Auckland attracts nearly 50% of new immigrants, and it is the engine of the NZ economy. Also, I happen to live there.
Therefore, I will mainly present the numbers related to theĀ AucklandĀ region which consists of 7 areasĀ (Auckland City, Franklin District, Manukau City, North Shore City, Papakura District, Rodney District and Waitakere City).
January 2019 saw the median number of days to sell a property increase by 6 days from 45 toĀ 51Ā āĀ the highest number of days to sell since February 2009.
The current Days to Sell of 51 days is well above theĀ 10-year average for January which is 41 days.
The median price in the Manukau area was $821,000. It hasĀ increased by 9% since January 2018.Ā It shows you that Hamilton, Tauranga etc. are not the only places to invest.
People that follow a specific strategy can do well in any location at any time.
P.S. Do you know of other people that will find this article useful? Please share it on social media. Thank you!