Since my last market update in November last year, my predications are coming true.
A house in Manurewa 15 months ago was in the $240,000 - $260,000 range, now they are all in the $340,000 to $390,000 range. 

A do-up now you will expect to pay $300,000 - $320,000 in Manurewa, when 15 months ago you could buy fully renovated for $300,000 to $310,000.

The Otara market in the recent weeks have seen do-ups now selling in the $320,000 range, and the same fully renovated are now asking $349,000. 

A reminder that 15 months ago you could have bought these same properties for $195,000, so congratulations to all the savvy investors who bought at that time.

In Mangere we are now seeing 3 bedroom fully renovated homes asking $399,000 to $459,0000 and they are selling fast too. 

The buyers are saying that if it looks and feels good, and if the bank will approve the finance, they will buy it.

We have achieved a record price two weeks ago for a property we listed in Park Avenue, Papatoetoe. It was a large 3 bedroom do-up on 1054sqm of land with potential for another 400sqm section once subdivided. Within 5 days we generated 12 offers, the highest being $490,000 which the vendor accepted. 

We now have the ability to generate multiple offers on your property if you wish to come on the market. Our buyer database has grown twice as much compared to last year.

WANTED!
We have a special requirement from a large investore looking for 1 and 2 bedroom units, either attached to each other or in a large block, also 4 and 5 bedroom homes.

We need up to 20 of these properties, if you have them then we want them. We can offer drive by appraisals and discreet viewings if they are tenanted.

Timeframe

The right house in the right location can generate multiple offers within 7 days of listing the property with no marketing fee required and no open homes either.

If you are wanting speedy service and the best price possible, the service is free and you only pay once the house is sold.

Land! Land! Land!!

The demand for land is now like the demand for Mighty River Power shares.
We have sold many sections in South Auckland in the recent 9 months.
Congratulations to all the investors who bought then, we have now seen some of the prices increase by $70,000 since purchased.

Special offer - cheap cheap land!!

We have an 88 site high density subdivision in Takanini, 40 sites are already under contract.
Price only $150,000 + GST per lot - minimum purchase of 3 lots per buyer.
This comes with 3 bedroom, 2 level house plans ready to submit for permit, and development contribution already paid by vendor.
Buy NOW and settle in 12 months. HUGE potential for capital growth here when you choose to build hese low cost homes.
This has to be the cheapest land in South Auckland and the cheapest new house in Auckland, so get into it NOW!

Happy Investing

Don Ha