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 the Auckland region which consists of 7 areas (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 to 51 – the highest number of days to sell since February 2009.
The current Days to Sell of 51 days is well above the 10-year average for January which is 41 days.
The median price in the Manukau area was $821,000. It has increased by 9% since January 2018. 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.
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