YOU NEED TO BUY NOW!
22 Jul 2019
Why you need to buy in Auckland NOW
• Less competition - New Zealand’s real-estate market is relatively flat at present, especially in Auckland - this means there is less competition from other buyers and you might be able to secure a property for less than you think.
• Sharp building prices – Builders forward pipeline is not as strong as it used to be. Because of this a lot of builders are offering sharper prices to maintain their workflow. In fact, the building prices are currently the lowest we’ve ever seen for several years at KEY2.
• Land costs are lower – this coupled with great build prices make for an EXCELLENT buy.
• Interest rates - The good times keep on coming for borrowers. BNZ has now joined the mortgage war and slashed its two-year mortgage rate for owner-occupiers to a market-leading 3.79%. Mortgage rates are likely to fall further over the course of the year.
• Lack of forward land supply – land developers are holding back on further developments due to the current market prices.
This opportunity won’t be here forever. Make your move.