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MRE Property continues to "look on the bright side" |
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Ian Revell from MRE Property (ex Milford Real Estate MREINZ) is always one of those very positive property punters(PPPs) and he believes that there are a number of positive signs around, despite a tiny increase in unemployment(3.6-3.8%) He reckons that "the USA are likely to accelerate a phased pull out from Iraq now the citizens of USA have voted their disapproval to President Bush" and "the New Zealand government's coffers are filled with the extra tax take from a resident economy". That's good news globally and locally for the property market. And he sees additional support for that in the fact that "days to sell" have remained steady for October (year on year on year); and that the median price right across the Auckland's North Shore continues to rise (around 15%) and volumes are up. His spin is that "these figures confirm most New Zealanders' belief in property as a safe long-term investment, while property that is in short supply -- beachfront, views etc -- continues to move ahead of the median figures. But he does more than thump a tub and peddle his wares, relying on research to reinforce his instincts and experience. And AC Nielsen also ranks MRE Property the No.1 website for real estate offices in NZ "for functional excellence" and seventh for "user satisfaction". He notes in his latest newsletter: Buyers, he reckons, like the look of the housing market. Buyer confidence has improved, according to the ASB Bank's quarterly survey, as reported in the New Zealand Herald. "Surprise, Surprise! Nothing yet has beaten the bricks and mortar of homes for capital gain on the North Shore." |
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