The question really is why not invest in Auckland?

The question really is why not invest in Auckland? from Youngs Property Management Solutions

By: Youngs Property Management Solutions  24-Aug-2012
Keywords: Management, Real Estate Agents, Property Management

Auckland’s house prices are increasing at a faster rate than the national average, according to the latest data from the Ministry of Business, Innovation and Employment. Its key indicators for August said the average house sale price in the country’s biggest city had reached $566,329. A lack of listings and new housing is believed to be driving up prices but the number of building consents in June 2012 was done from a year ago and down from the previous month. While rents in areas outside Auckland increased at a higher rate in the year to July 2012, rental properties in Auckland still attract a weekly premium of 43 per cent over the rest of the country. For the full article check out http://www.landlords.co.nz/read-article.php?article_id=4433

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