Posts tagged Auckland property market
Auckland's 20 hottest suburbs revealed...

These are the suburbs which have had the most dramatic price increases the Auckland over the past 18 months.

Milford topped the list while Te Atatu Peninsula, Te Atatu South, Manurewa, Papatoetoe and Glen Eden have all stormed into the top 20. Loan Market mortgage adviser Bruce Patten said he certainly wouldn't want to see us have another year at this level, otherwise we will be putting ourselves under significant risk that we are in a real bubble.

Peter Thompson, managing director of Barfoot & Thompson is quoted as saying ''...Don't overprice your property. People won't just keep paying high dollar, prices have levelled off. If people do want to sell they'll have to be in the market realistically and not looking to make that extra two or three hundred grand that some of them have over the last two to three months."

http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11511704