Articles by Salesh Chand
Over the last 12 months or so, we have seen price decreases in some suburbs of Auckland, but the market now appears to be stable/flat. There are still discounted deals available, particularly from vendors who are under financial stress. Due to Auckland’s growing population, high employment, higher wages and supply-demand imbalance, I don’t see any major indicator causing further price reductions (unless we suffer a left-field global economic event).
3. Rents are increasing
Increasing rents means improved cash flow for Auckland investors, so buy-to-hold yields are starting to look better.
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