Auckland Property Prices
03 May 2016
I am continually asked will Auckland real estate prices keep going up? As we know the Auckland property market has been driven by strong demand and limited supply. The supply issue is still some away from achieving anywhere enough properties.The amount of building consents in Auckland has actually fallen in the past few months.
Therefore the main part of the ongoing market growth is demand. In my opinion the key driver of the Auckland market over the past decade has been immigration, especially Asian immigration. The question is will the high immigration levels continue?
I heard a senior Government Minister when been interviewed on the radio last night state that Auckland was a strange size and that Auckland needed to have a much larger population. Clearly this was code that large migration numbers will continue.
Based on the migration I feel Auckland real estate prices will continue on with their substantial upwards momentum.
Therefore the main part of the ongoing market growth is demand. In my opinion the key driver of the Auckland market over the past decade has been immigration, especially Asian immigration. The question is will the high immigration levels continue?
I heard a senior Government Minister when been interviewed on the radio last night state that Auckland was a strange size and that Auckland needed to have a much larger population. Clearly this was code that large migration numbers will continue.
Based on the migration I feel Auckland real estate prices will continue on with their substantial upwards momentum.