Land sales: Is the glass half full?
The unaffordable can suddenly become the affordable
Lately there has been a lot of press regarding the declining state of the real estate market. Such factors as the United States ‘credit crunch’, the failure of several large finance companies here, and pressure from interest rate rises have either directly or indirectly put pressure on household discretionary incomes. While it seems evident that the market is turning over at a slower rate than say a year ago, there has been an increase in the number of properties for sale. Buyers now have more choice, and sellers have more competition. So, is the glass half empty? Rodney is a unique area, offering choices of beautiful lifestyle living, and proximity to a fantastic selection of beaches. Increasing infrastructure, community facilities, and commercial growth, all help to underpin the Rodney’s desirability as a place to live. Globally, coastal locations are most favoured, and it is hard to see this trend abating. Therefore, it’s difficult to see any massive decline in the demand for properties in this area, or any collapse of property values. So, is the glass half full? At Sections R Us we still have plenty of clients looking to buy land and build their dream home in this beautiful location, so to us the glass is always half full. When prices fall due to changes in market conditions, new opportunities appear. Perhaps the unaffordable suddenly becomes affordable. It is fair to say that in real estate, as long as you are buying or selling in the same market, values don’t really matter. Why not call us today and discuss how you can get the best out of the market right now. Sections R US MREINZ, two great locations, Whangaparaoa 09 428 2208, Kumeu 09 412 2506.